Freedom Investment Management Inc. Boosts Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Freedom Investment Management Inc. increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 12.1% in the third quarter, Holdings Channel reports. The firm owned 25,017 shares of the investment management company’s stock after buying an additional 2,696 shares during the quarter. Freedom Investment Management Inc.’s holdings in Golub Capital BDC were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Nicholas Hoffman & Company LLC. boosted its holdings in Golub Capital BDC by 1.8% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 664 shares in the last quarter. Neville Rodie & Shaw Inc. grew its position in shares of Golub Capital BDC by 1.3% in the third quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock valued at $824,000 after purchasing an additional 715 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of Golub Capital BDC by 2.3% in the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 875 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Golub Capital BDC by 2.8% during the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock worth $582,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in shares of Golub Capital BDC by 2.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock worth $706,000 after purchasing an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC stock opened at $15.67 on Friday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 11.11 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The stock’s fifty day simple moving average is $15.26 and its 200-day simple moving average is $15.38.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GBDC shares. Wells Fargo & Company lowered their target price on 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. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three equities 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 a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the purchase, the chairman now directly owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

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.