Entropy Technologies LP Acquires Shares of 25,193 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Entropy Technologies LP purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 25,193 shares of the investment management company’s stock, valued at approximately $382,000.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its position in shares of Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,347 shares in the last quarter. Blue Trust Inc. grew its position in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,921 shares in the last quarter. Cary Street Partners Asset Management LLC purchased a new position in Golub Capital BDC in the third quarter worth $151,000. Cornerstone Wealth Management LLC purchased a new position in Golub Capital BDC in the fourth quarter worth $160,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Golub Capital BDC in the third quarter worth $162,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 0.9 %

GBDC opened at $15.83 on Thursday. The company has a market capitalization of $4.20 billion, a PE ratio of 11.47 and a beta of 0.54. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The firm’s 50 day simple moving average is $15.30 and its two-hundred day simple moving average is $15.16. The company has a current ratio of 2.94, a quick ratio of 4.73 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate 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 forecast that Golub Capital BDC, Inc. will post 1.62 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.85%. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Analysts Set New Price Targets

Several equities analysts have recently commented on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note 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 report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.38.

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.