Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,246 shares of the investment management company’s stock after purchasing an additional 99,755 shares during the period. Stifel Financial Corp’s holdings in Golub Capital BDC were worth $7,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in Golub Capital BDC by 0.7% during the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock worth $1,618,000 after purchasing an additional 704 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of 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 acquiring an additional 827 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Golub Capital BDC by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 72,884 shares of the investment management company’s stock worth $1,140,000 after acquiring an additional 896 shares during the period. Mattern Wealth Management LLC grew its holdings in shares of Golub Capital BDC by 7.7% in the 4th quarter. Mattern Wealth Management LLC now owns 14,000 shares of the investment management company’s stock worth $212,000 after acquiring an additional 1,000 shares during the period. Finally, Confluence Investment Management LLC grew its holdings in shares of Golub Capital BDC by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 347,488 shares of the investment management company’s stock worth $5,268,000 after acquiring an additional 1,875 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GBDC. Wells Fargo & Company reduced their target price on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday. StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Finally, Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Golub Capital BDC presently has an average rating of “Hold” and an average target price of $15.50.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $14.53 on Tuesday. The firm has a market capitalization of $3.86 billion, a P/E ratio of 10.53 and a beta of 0.33. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The business’s 50-day simple moving average is $14.69 and its 200-day simple moving average is $15.13.

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%. Equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.74%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is presently 113.04%.

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.