Union Bancaire Privee UBP SA Acquires New Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Union Bancaire Privee UBP SA acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 39,891 shares of the investment management company’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its stake in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,347 shares during the last quarter. Blue Trust Inc. increased its stake in Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,921 shares during the last quarter. Cary Street Partners Asset Management LLC bought a new position in Golub Capital BDC in the 3rd quarter worth about $151,000. Cornerstone Wealth Management LLC bought a new position in Golub Capital BDC in the 4th quarter worth about $160,000. Finally, Oppenheimer & Co. Inc. bought a new position in Golub Capital BDC in the 3rd quarter worth about $162,000. 42.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Golub Capital BDC Price Performance

GBDC opened at $15.77 on Tuesday. The stock has a 50-day moving average price of $15.42 and a 200-day moving average price of $15.22. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. 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 stock has a market capitalization of $4.19 billion, a P/E ratio of 11.43 and a beta of 0.54.

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

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 9.89%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is presently 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.