Raymond James Financial Services Advisors Inc. Grows Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Raymond James Financial Services Advisors Inc. grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.9% during the 4th quarter, Holdings Channel reports. The fund owned 19,629 shares of the investment management company’s stock after purchasing an additional 2,083 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Golub Capital BDC were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in GBDC. SG Americas Securities LLC purchased a new stake in Golub Capital BDC during the third quarter worth $1,201,000. Riverbridge Partners LLC boosted its holdings in Golub Capital BDC by 16.1% during the third quarter. Riverbridge Partners LLC now owns 35,835 shares of the investment management company’s stock worth $526,000 after buying an additional 4,959 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Golub Capital BDC by 0.9% during the third quarter. Commonwealth Equity Services LLC now owns 88,270 shares of the investment management company’s stock worth $1,295,000 after buying an additional 816 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Golub Capital BDC by 18.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,347 shares of the investment management company’s stock worth $342,000 after buying an additional 3,676 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Golub Capital BDC by 3.5% during the third quarter. Raymond James & Associates now owns 39,988 shares of the investment management company’s stock valued at $587,000 after purchasing an additional 1,358 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $17.11 on Tuesday. The firm has a 50-day simple moving average of $16.13 and a 200-day simple moving average of $15.37. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 9.40 and a beta of 0.57. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20. Golub Capital BDC, Inc. has a 52 week low of $12.77 and a 52 week high of $17.16.

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

Golub Capital BDC Dividend Announcement

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

Golub Capital BDC Company 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.