Northeast Financial Consultants Inc Has $38.93 Million Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Northeast Financial Consultants Inc trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,567,820 shares of the investment management company’s stock after selling 80,501 shares during the period. Golub Capital BDC makes up about 1.6% of Northeast Financial Consultants Inc’s holdings, making the stock its 14th largest holding. Northeast Financial Consultants Inc’s holdings in Golub Capital BDC were worth $38,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased 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 worth $36,000 after acquiring an additional 1,921 shares during the period. Optiver Holding B.V. increased its position 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 worth $47,000 after acquiring an additional 688 shares during the period. Parkside Financial Bank & Trust increased its position 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 worth $47,000 after acquiring an additional 827 shares during the period. Hurley Capital LLC bought a new position in Golub Capital BDC during the fourth quarter worth $50,000. Finally, Cornerstone Wealth Management LLC bought a new position in Golub Capital BDC during the fourth quarter worth $160,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Up 0.6%

Shares of Golub Capital BDC stock opened at $14.87 on Wednesday. The firm has a market capitalization of $3.96 billion, a PE ratio of 10.78 and a beta of 0.55. 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 company’s fifty day moving average price is $14.45 and its two-hundred day moving average price is $15.05. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.89.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same period in the previous year, the company posted $0.55 EPS. On average, analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.49%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC’s payout ratio is 138.05%.

Analyst Upgrades and Downgrades

GBDC has been the topic of a number of research reports. Bank of America dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Finally, StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Two 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.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average price target of $15.50.

Golub Capital BDC 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.