Dark Forest Capital Management LP Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Dark Forest Capital Management LP purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 17,053 shares of the investment management company’s stock, valued at approximately $259,000.

Other institutional investors have also made changes to their positions in the company. Atria Investments Inc lifted its holdings in Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after purchasing an additional 886,123 shares during the last quarter. Sage Mountain Advisors LLC lifted its holdings in Golub Capital BDC by 38.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock worth $38,043,000 after purchasing an additional 701,594 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after purchasing an additional 533,895 shares during the last quarter. OneAscent Wealth Management LLC acquired a new stake in Golub Capital BDC in the 4th quarter worth approximately $6,395,000. Finally, OneAscent Financial Services LLC acquired a new stake in Golub Capital BDC in the 4th quarter worth approximately $6,075,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Up 0.6 %

Shares of GBDC stock opened at $14.53 on Tuesday. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $17.72. The firm has a market cap of $3.86 billion, a PE ratio of 10.53 and a beta of 0.33. The stock has a 50 day moving average of $14.69 and a 200-day moving average of $15.13. 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 (NASDAQ:GBDC) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. On average, equities analysts predict 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. Investors of record on Monday, March 3rd were paid a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.74%. Golub Capital BDC’s payout ratio is 113.04%.

Analyst Ratings Changes

GBDC has been the subject of several analyst reports. 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. StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods cut their price target 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” 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.