Perigon Wealth Management LLC Makes New $156,000 Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Perigon Wealth Management LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,307 shares of the investment management company’s stock, valued at approximately $156,000.

A number of other institutional investors also recently modified their holdings of GBDC. Sage Mountain Advisors LLC grew its position in Golub Capital BDC by 4.5% in the third quarter. Sage Mountain Advisors LLC now owns 2,066,311 shares of the investment management company’s stock valued at $30,313,000 after acquiring an additional 88,398 shares during the last quarter. Allen Investment Management LLC grew its holdings in shares of Golub Capital BDC by 114.5% during the 3rd quarter. Allen Investment Management LLC now owns 1,371,018 shares of the investment management company’s stock valued at $20,113,000 after purchasing an additional 731,959 shares during the last quarter. Barclays PLC acquired a new position in Golub Capital BDC during the 3rd quarter worth approximately $911,000. Baillie Gifford & Co. lifted its stake in Golub Capital BDC by 53.9% in the 3rd quarter. Baillie Gifford & Co. now owns 187,893 shares of the investment management company’s stock valued at $2,756,000 after purchasing an additional 65,793 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Golub Capital BDC by 3.3% in the third quarter. LPL Financial LLC now owns 253,454 shares of the investment management company’s stock valued at $3,718,000 after buying an additional 7,989 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of GBDC opened at $16.63 on Thursday. The business has a 50-day moving average of $16.05 and a 200-day moving average of $15.30. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.14 and a beta of 0.57. Golub Capital BDC, Inc. has a 1 year low of $12.77 and a 1 year high of $16.83.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $164.77 million for the quarter, compared to analyst estimates of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio is presently 85.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GBDC. StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Wells Fargo & Company boosted their price target on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, March 25th. Finally, Raymond James boosted their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

About Golub Capital BDC

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.