ExodusPoint Capital Management LP Makes New $1.23 Million Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

ExodusPoint Capital Management LP acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 80,775 shares of the investment management company’s stock, valued at approximately $1,225,000.

A number of other institutional investors have also added to or reduced their stakes in GBDC. Blue Trust Inc. grew its position 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 purchasing an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after purchasing an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC during the 4th quarter valued at approximately $160,000. Empowered Funds LLC bought a new position in shares of Golub Capital BDC during the 4th quarter valued at approximately $173,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Golub Capital BDC during the 4th quarter valued at approximately $179,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Up 8.0 %

GBDC opened at $14.07 on Thursday. The company has a 50 day moving average of $15.13 and a 200 day moving average of $15.22. The company has a market cap of $3.74 billion, a PE ratio of 10.20 and a beta of 0.33. Golub Capital BDC, Inc. has a 12 month low of $12.68 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.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data 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%. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

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

Analyst Upgrades and Downgrades

GBDC has been the subject of a number of research reports. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods reduced 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.83.

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.