Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDCFree Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 742,235 shares of the investment management company’s stock after purchasing an additional 41,270 shares during the period. Wells Fargo & Company MN owned 0.44% of Golub Capital BDC worth $11,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Navellier & Associates Inc. lifted its stake in shares of Golub Capital BDC by 32.6% in the 4th quarter. Navellier & Associates Inc. now owns 24,409 shares of the investment management company’s stock worth $369,000 after acquiring an additional 6,006 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Golub Capital BDC by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 91,227 shares of the investment management company’s stock worth $1,378,000 after acquiring an additional 1,930 shares during the period. Jump Financial LLC lifted its stake in shares of Golub Capital BDC by 719.7% in the 4th quarter. Jump Financial LLC now owns 104,100 shares of the investment management company’s stock worth $1,572,000 after acquiring an additional 91,400 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $151,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $408,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Up 0.1 %

GBDC stock opened at $16.58 on Tuesday. Golub Capital BDC, Inc. has a 12 month low of $13.15 and a 12 month high of $17.72. The firm has a 50 day simple moving average of $16.65 and a 200 day simple moving average of $15.82. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a market cap of $2.84 billion, a PE ratio of 8.17 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDCGet Free Report) last released its quarterly earnings results on Monday, May 6th. The investment management company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The firm had revenue of $164.23 million for the quarter, compared to analyst estimates of $163.61 million. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, May 15th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note 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 target price for the company in a research note on Monday, March 25th. Finally, Raymond James lowered shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Read Our Latest Report on Golub Capital BDC

Golub Capital BDC Company Profile

(Free Report)

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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