Sage Mountain Advisors LLC Purchases 701,594 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sage Mountain Advisors LLC boosted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 38.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,509,449 shares of the investment management company’s stock after acquiring an additional 701,594 shares during the quarter. Golub Capital BDC accounts for 2.8% of Sage Mountain Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Sage Mountain Advisors LLC owned 0.95% of Golub Capital BDC worth $38,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in Golub Capital BDC by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after acquiring an additional 533,895 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after acquiring an additional 172,519 shares during the last quarter. Northeast Financial Consultants Inc boosted its holdings in Golub Capital BDC by 25.9% in the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after acquiring an additional 544,126 shares during the last quarter. Partners Group Holding AG boosted its holdings 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 last quarter. Finally, Atria Investments Inc boosted its holdings in Golub Capital BDC by 912.0% in the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock valued at $14,907,000 after acquiring an additional 886,123 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 0.8 %

NASDAQ:GBDC opened at $14.91 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The business’s 50-day simple moving average is $15.45 and its 200 day simple moving average is $15.27. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 10.80 and a beta of 0.50.

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

Golub Capital BDC Announces Dividend

The firm also recently declared 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. This represents a $1.56 annualized dividend and a dividend yield of 10.46%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

Analysts Set New Price Targets

GBDC has been the topic of a number of recent research reports. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company reduced their price objective 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.