ExodusPoint Capital Management LP Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

ExodusPoint Capital Management LP purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 80,775 shares of the investment management company’s stock, valued at approximately $1,225,000.

A number of other large investors also recently bought and sold shares of GBDC. The Manufacturers Life Insurance Company raised its holdings in Golub Capital BDC by 70.0% in the third quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company’s stock worth $909,000 after buying an additional 24,780 shares during the last quarter. Stifel Financial Corp grew its position in Golub Capital BDC by 30.1% during the third quarter. Stifel Financial Corp now owns 400,491 shares of the investment management company’s stock valued at $6,051,000 after buying an additional 92,712 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Golub Capital BDC in the third quarter worth approximately $1,243,000. XTX Topco Ltd bought a new position in shares of Golub Capital BDC in the third quarter worth approximately $501,000. Finally, Barclays PLC boosted its position in shares of Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock worth $2,873,000 after purchasing an additional 59,443 shares during the period. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GBDC shares. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.83.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $14.07 on Thursday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 10.20 and a beta of 0.33. The firm’s fifty day moving average is $15.13 and its 200 day moving average is $15.22. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $17.72.

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

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.09%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

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.