Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,363 shares of the investment management company’s stock after purchasing an additional 36,776 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of Golub Capital BDC worth $5,645,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GBDC. Barclays PLC raised its holdings in shares of Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock valued at $2,873,000 after buying an additional 59,443 shares during the period. Eagle Bay Advisors LLC boosted its stake in shares of Golub Capital BDC by 82.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock valued at $2,783,000 after purchasing an additional 82,787 shares during the period. Janney Montgomery Scott LLC grew its holdings in Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock valued at $1,744,000 after purchasing an additional 26,764 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in Golub Capital BDC during the 4th quarter worth $296,000. Finally, Franklin Resources Inc. grew its stake in shares of Golub Capital BDC by 32.2% during the third quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company’s stock valued at $6,134,000 after acquiring an additional 98,685 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $13.85 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $17.72. The firm has a fifty day moving average of $14.85 and a 200-day moving average of $15.16. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 10.04 and a beta of 0.33.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were paid a dividend of $0.39 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 11.26%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

Analyst Ratings Changes

A number of brokerages have weighed in on GBDC. Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Golub Capital BDC presently has a consensus rating of “Hold” and an average target price of $15.83.

Golub Capital BDC 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.