Whipplewood Advisors LLC Takes $856,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

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

A number of other hedge funds also recently added to or reduced their stakes in GBDC. Allworth Financial LP increased its holdings in shares of 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 valued at $35,000 after acquiring an additional 1,347 shares during the period. Blue Trust Inc. boosted its position in Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 1,921 shares in the last quarter. Cary Street Partners Asset Management LLC purchased a new position in Golub Capital BDC in the third quarter valued at about $151,000. Cornerstone Wealth Management LLC bought a new position in Golub Capital BDC in the fourth quarter worth about $160,000. Finally, Oppenheimer & Co. Inc. bought a new position in Golub Capital BDC in the third quarter worth about $162,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $15.56 on Thursday. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 11.28 and a beta of 0.54. The stock’s 50-day simple moving average is $15.45 and its 200-day simple moving average is $15.23.

Golub Capital BDC (NASDAQ:GBDC) last issued 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%. As a group, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.03%. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GBDC. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.