Mackenzie Financial Corp Trims Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Mackenzie Financial Corp lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDCGet Rating) by 37.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,771 shares of the investment management company’s stock after selling 32,175 shares during the period. Mackenzie Financial Corp’s holdings in Golub Capital BDC were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Alphasimplex Group LLC purchased a new position in shares of Golub Capital BDC during the second quarter worth $203,000. Principal Financial Group Inc. raised its holdings in shares of Golub Capital BDC by 14.3% during the second quarter. Principal Financial Group Inc. now owns 272,743 shares of the investment management company’s stock worth $3,535,000 after purchasing an additional 34,020 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of Golub Capital BDC by 30.8% during the second quarter. Montag A & Associates Inc. now owns 8,500 shares of the investment management company’s stock worth $110,000 after purchasing an additional 2,000 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Golub Capital BDC in the second quarter valued at $50,000. Finally, Walleye Capital LLC purchased a new position in Golub Capital BDC in the second quarter valued at $330,000. Hedge funds and other institutional investors own 42.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GBDC shares. Wells Fargo & Company set a $14.50 price objective on shares of Golub Capital BDC in a report on Thursday. StockNews.com started coverage on shares of Golub Capital BDC in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Golub Capital BDC Stock Up 2.1 %

GBDC opened at $14.12 on Friday. Golub Capital BDC, Inc. has a fifty-two week low of $11.94 and a fifty-two week high of $16.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.93 and a current ratio of 3.24. The company has a fifty day moving average of $13.02 and a two-hundred day moving average of $13.49. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.69 and a beta of 0.60.

Golub Capital BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Friday, December 9th will be given a $0.33 dividend. This is a positive change from Golub Capital BDC’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $1.32 annualized dividend and a dividend yield of 9.35%. Golub Capital BDC’s dividend payout ratio (DPR) is 133.33%.

About Golub Capital BDC

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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.

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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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