Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 347,488 shares of the investment management company’s stock after purchasing an additional 1,875 shares during the period. Confluence Investment Management LLC’s holdings in Golub Capital BDC were worth $5,268,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc raised its stake in Golub Capital BDC by 151.8% during the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after purchasing an additional 1,268,442 shares during the period. Millennium Management LLC lifted its position in shares of Golub Capital BDC by 1,170.6% during the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after purchasing an additional 724,662 shares in the last quarter. Partners Group Holding AG boosted its position in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in Golub Capital BDC in the second quarter valued at about $9,426,000. Finally, LGT Capital Partners LTD. acquired a new stake in shares of Golub Capital BDC during the third quarter worth approximately $8,721,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $15.27 on Friday. The firm has a market cap of $4.04 billion, a P/E ratio of 10.83 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The stock’s 50-day moving average is $15.28 and its two-hundred day moving average is $15.22.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were paid a dividend of $0.39 per share. The ex-dividend date was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.22%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.40.

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.