Waterloo Capital L.P. Increases Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Waterloo Capital L.P. increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 120,392 shares of the investment management company’s stock after buying an additional 7,801 shares during the period. Waterloo Capital L.P.’s holdings in Golub Capital BDC were worth $1,825,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GBDC. Quadrant Capital Group LLC lifted its holdings in Golub Capital BDC by 2,677.8% during the fourth quarter. Quadrant Capital Group LLC now owns 33,195 shares of the investment management company’s stock worth $503,000 after buying an additional 32,000 shares during the period. Hurley Capital LLC bought a new position in shares of Golub Capital BDC in the 4th quarter worth $50,000. Envestnet Asset Management Inc. lifted its stake in shares of Golub Capital BDC by 11.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 372,363 shares of the investment management company’s stock worth $5,645,000 after purchasing an additional 36,776 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Golub Capital BDC during the 4th quarter worth $1,225,000. Finally, OneAscent Financial Services LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at about $6,075,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.17.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $13.89 on Monday. Golub Capital BDC, Inc. has a 12-month low of $13.59 and a 12-month high of $17.72. The business’s fifty day simple moving average is $15.34 and its 200-day simple moving average is $15.27. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market cap of $3.69 billion, a PE ratio of 10.07 and a beta of 0.33.

Golub Capital BDC (NASDAQ:GBDC) last announced its 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 net margin of 39.63% and a return on equity of 11.18%. Analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.23%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

Golub Capital BDC Company 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.