Balyasny Asset Management L.P. Purchases Shares of 158,404 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Balyasny Asset Management L.P. purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 158,404 shares of the investment management company’s stock, valued at approximately $2,401,000.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its holdings 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 during the period. Parkside Financial Bank & Trust grew its holdings in Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 827 shares during the period. Optiver Holding B.V. grew its holdings in Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 688 shares during the period. Hurley Capital LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at about $50,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at about $160,000. Institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GBDC shares. Bank of America dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Finally, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $14.78 on Tuesday. The stock has a 50 day moving average of $14.45 and a 200 day moving average of $15.05. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.89. The firm has a market cap of $3.94 billion, a PE ratio of 10.71 and a beta of 0.55. 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 announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same period in the previous year, the company posted $0.55 earnings per share. On average, research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC’s payout ratio is presently 138.05%.

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.