Whipplewood Advisors LLC Purchases New Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Whipplewood Advisors LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,439 shares of the investment management company’s stock, valued at approximately $856,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after acquiring an additional 533,895 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after buying an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after purchasing an additional 544,126 shares in the last quarter. Partners Group Holding AG boosted its stake in 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 worth $30,139,000 after buying an additional 648,855 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Golub Capital BDC by 10.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company’s stock valued at $10,769,000 after acquiring an additional 65,167 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $15.56 on Thursday. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market capitalization of $4.13 billion, a PE ratio of 11.28 and a beta of 0.54. The business’s fifty day moving average price is $15.45 and its 200 day moving average price is $15.23.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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%. On average, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

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 given a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.03%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 113.04%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GBDC shares. Wells Fargo & Company lowered 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 downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Hold” and an average price target 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.