Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Position Raised by Arnhold LLC

Arnhold LLC lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,412,589 shares of the investment management company’s stock after buying an additional 32,500 shares during the quarter. Golub Capital BDC comprises 2.1% of Arnhold LLC’s investment portfolio, making the stock its 14th largest holding. Arnhold LLC owned 0.53% of Golub Capital BDC worth $21,415,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GBDC. Dark Forest Capital Management LP bought a new stake in shares of Golub Capital BDC during the 4th quarter worth about $259,000. Stifel Financial Corp grew its holdings in Golub Capital BDC by 24.9% during the fourth quarter. Stifel Financial Corp now owns 500,246 shares of the investment management company’s stock valued at $7,584,000 after purchasing an additional 99,755 shares during the last quarter. First Trust Advisors LP raised its position in shares of Golub Capital BDC by 122.3% in the fourth quarter. First Trust Advisors LP now owns 358,136 shares of the investment management company’s stock valued at $5,429,000 after purchasing an additional 197,018 shares during the period. GeoWealth Management LLC raised its position in shares of Golub Capital BDC by 9,307.2% in the fourth quarter. GeoWealth Management LLC now owns 15,616 shares of the investment management company’s stock valued at $237,000 after purchasing an additional 15,450 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Golub Capital BDC by 33.9% in the fourth quarter. NewEdge Advisors LLC now owns 36,356 shares of the investment management company’s stock worth $551,000 after buying an additional 9,214 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several recent analyst reports. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Hold” and a consensus target price of $15.83.

Golub Capital BDC Trading Up 0.8 %

Shares of Golub Capital BDC stock opened at $14.46 on Friday. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $17.72. The company’s fifty day simple moving average is $14.75 and its 200-day simple moving average is $15.14. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 10.48 and a beta of 0.33. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.79%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

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.