Millennium Management LLC Buys 1,196,800 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Millennium Management LLC grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 168.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,909,304 shares of the investment management company’s stock after purchasing an additional 1,196,800 shares during the period. Millennium Management LLC’s holdings in Golub Capital BDC were worth $28,945,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Optiver Holding B.V. grew its holdings in shares of Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 688 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Golub Capital BDC by 0.7% in the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock valued at $1,618,000 after acquiring an additional 704 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 827 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Golub Capital BDC by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 72,884 shares of the investment management company’s stock valued at $1,140,000 after acquiring an additional 896 shares in the last quarter. Finally, Mattern Wealth Management LLC grew its holdings in shares of Golub Capital BDC by 7.7% in the fourth quarter. Mattern Wealth Management LLC now owns 14,000 shares of the investment management company’s stock valued at $212,000 after acquiring an additional 1,000 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Up 0.7%

GBDC opened at $15.04 on Monday. The stock has a market cap of $4.01 billion, a PE ratio of 10.90 and a beta of 0.55. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.76. The business’s fifty day simple moving average is $14.45 and its 200 day simple moving average is $15.04.

Golub Capital BDC (NASDAQ:GBDC) last released its 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 during the quarter, compared to the consensus estimate of $223.89 million. During the same period in the prior year, the company earned $0.55 EPS. As a group, research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.37%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 138.05%.

Analysts Set New Price Targets

Several research firms have 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 for the company in a report on Monday, April 28th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Bank of America reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus 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.