Envestnet Asset Management Inc. Has $1.08 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Envestnet Asset Management Inc. raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,000 shares of the investment management company’s stock after acquiring an additional 11,229 shares during the period. Envestnet Asset Management Inc.’s holdings in Golub Capital BDC were worth $1,079,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors L.P. grew its position in Golub Capital BDC by 3.5% in the fourth quarter. Natixis Advisors L.P. now owns 579,204 shares of the investment management company’s stock valued at $7,622,000 after acquiring an additional 19,521 shares during the period. MADDEN SECURITIES Corp acquired a new position in shares of Golub Capital BDC during the fourth quarter valued at $26,000. Advisors Capital Management LLC lifted its stake in shares of Golub Capital BDC by 9.9% during the third quarter. Advisors Capital Management LLC now owns 368,618 shares of the investment management company’s stock valued at $4,869,000 after acquiring an additional 33,325 shares during the period. Curi Wealth Management LLC lifted its stake in shares of Golub Capital BDC by 9.4% during the third quarter. Curi Wealth Management LLC now owns 313,547 shares of the investment management company’s stock valued at $3,885,000 after acquiring an additional 26,824 shares during the period. Finally, Ulrich Consultants & Investment Group LLC lifted its stake in shares of Golub Capital BDC by 1.2% during the third quarter. Ulrich Consultants & Investment Group LLC now owns 762,965 shares of the investment management company’s stock valued at $9,453,000 after acquiring an additional 8,980 shares during the period. 42.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GBDC shares. Wells Fargo & Company lowered Golub Capital BDC from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $14.25 to $12.25 in a research note on Tuesday, April 18th. TheStreet upgraded Golub Capital BDC from a “c” rating to a “b-” rating in a report on Wednesday, February 8th. Finally, StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.

Golub Capital BDC Stock Down 0.4 %

GBDC stock opened at $13.15 on Thursday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average price of $13.16 and a two-hundred day moving average price of $13.38. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 20.87 and a beta of 0.62. Golub Capital BDC, Inc. has a twelve month low of $11.94 and a twelve month high of $14.42.

Golub Capital BDC (NASDAQ:GBDC – Get Rating) last issued its earnings results on Monday, May 8th. The investment management company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. Golub Capital BDC had a return on equity of 9.76% and a net margin of 21.55%. The company had revenue of $146.95 million during the quarter, compared to the consensus estimate of $148.14 million. During the same period in the previous year, the company posted $0.27 EPS. Analysts anticipate that Golub Capital BDC, Inc. will post 1.67 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Friday, June 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $1.32 annualized dividend and a yield of 10.04%. Golub Capital BDC’s payout ratio is currently 209.53%.

Golub Capital BDC Company Profile

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Golub Capital BDC operates as a closed-end, non-diversified management investment company. They also offer events presentations, financial reporting, stock information, tax information, and analyst coverage services.