Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 13.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,405 shares of the investment management company’s stock after acquiring an additional 4,782 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Golub Capital BDC were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Private Trust Co. NA increased its position in Golub Capital BDC by 1,005.0% during the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,000 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Golub Capital BDC during the 1st quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. raised its position in shares of Golub Capital BDC by 77.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after buying an additional 1,508 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in Golub Capital BDC in the fourth quarter valued at approximately $151,000. Finally, Latitude Advisors LLC purchased a new position in Golub Capital BDC in the fourth quarter worth approximately $152,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Trading Down 1.2 %

NASDAQ:GBDC traded down $0.21 on Tuesday, reaching $17.37. 759,415 shares of the company’s stock were exchanged, compared to its average volume of 863,188. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 9.54 and a beta of 0.57. Golub Capital BDC, Inc. has a 52-week low of $12.77 and a 52-week high of $17.72. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $16.29 and a 200-day moving average of $15.47.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The business had revenue of $164.77 million for the quarter, compared to analysts’ expectations of $160.93 million. As a group, analysts expect that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.56 dividend on an annualized basis and a yield of 8.98%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 85.71%.

Analysts Set New Price Targets

Several brokerages have recently commented on GBDC. Raymond James upped their price target on Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a research note on Tuesday, January 23rd. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, March 25th. Finally, Wells Fargo & Company upped their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

About Golub Capital BDC

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.