23,900 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Acquired by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 3rd quarter, Holdings Channel reports. The fund bought 23,900 shares of the investment management company’s stock, valued at approximately $361,000.

A number of other hedge funds have also recently added to or reduced their stakes in GBDC. Northeast Financial Consultants Inc grew its stake in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the period. Millennium Management LLC grew its stake in Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after acquiring an additional 724,662 shares during the period. Partners Group Holding AG grew its stake in Golub Capital BDC by 48.2% in 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 acquiring an additional 648,855 shares during the period. Van ECK Associates Corp grew its stake in Golub Capital BDC by 22.3% in the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after acquiring an additional 640,866 shares during the period. Finally, 1832 Asset Management L.P. acquired a new stake in Golub Capital BDC in the second quarter valued at approximately $9,426,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GBDC. Wells Fargo & Company reduced 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 note on Thursday, November 21st. Oppenheimer restated an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday. Finally, Keefe, Bruyette & Woods dropped their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Insider Buying and Selling

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. The trade was a 1.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.01% of the stock is currently owned by corporate insiders.

Golub Capital BDC Stock Down 0.5 %

GBDC stock opened at $15.59 on Tuesday. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average is $15.26 and its 200-day moving average is $15.37. The firm has a market capitalization of $4.12 billion, a PE ratio of 11.06 and a beta of 0.54.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 10.01%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 110.64%.

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.