New World Advisors LLC Has $272,000 Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

New World Advisors LLC cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,953 shares of the investment management company’s stock after selling 5,454 shares during the quarter. New World Advisors LLC’s holdings in Golub Capital BDC were worth $272,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Van ECK Associates Corp increased its position in shares of Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after purchasing an additional 533,895 shares during the period. Sound Income Strategies LLC increased its position in shares of Golub Capital BDC by 6.0% during the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after purchasing an additional 172,519 shares during the period. Northeast Financial Consultants Inc increased its position in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after purchasing an additional 544,126 shares during the period. Partners Group Holding AG increased its position in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Golub Capital BDC by 10.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company’s stock valued at $10,769,000 after purchasing an additional 65,167 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC opened at $15.84 on Monday. The business’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $15.21. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 11.47 and a beta of 0.54. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Tuesday, February 4th. The investment management company reported $0.39 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, analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.85%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is presently 113.04%.

Wall Street Analyst Weigh In

GBDC has been the topic of a number of research reports. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.38.

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.