Wilmington Savings Fund Society FSB Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Wilmington Savings Fund Society FSB bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 101,477 shares of the investment management company’s stock, valued at approximately $1,533,000. Wilmington Savings Fund Society FSB owned 0.06% of Golub Capital BDC as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in shares of Golub Capital BDC by 13.5% during the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after purchasing an additional 475,196 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Golub Capital BDC by 5.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after buying an additional 137,813 shares during the period. Northeast Financial Consultants Inc boosted its stake in shares of Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after buying an additional 544,126 shares during the period. Allen Investment Management LLC grew its holdings in shares of Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after acquiring an additional 145,761 shares in the last quarter. Finally, Partners Group Holding AG increased its stake in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 0.1 %

GBDC stock opened at $15.05 on Friday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.67 and a beta of 0.54. The company has a 50-day moving average of $15.32 and a two-hundred day moving average of $15.31. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.37%. Golub Capital BDC’s payout ratio is 110.64%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.