Wilmington Savings Fund Society FSB Purchases 10,699 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Wilmington Savings Fund Society FSB grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,176 shares of the investment management company’s stock after acquiring an additional 10,699 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Golub Capital BDC were worth $1,701,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Golub Capital BDC by 13.5% in the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after purchasing an additional 475,196 shares during the period. Sound Income Strategies LLC raised its stake in shares of Golub Capital BDC by 6.0% in the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after buying an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc lifted its holdings in shares of Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after acquiring an additional 544,126 shares during the period. Partners Group Holding AG boosted its position in shares of Golub Capital BDC by 48.2% during 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 acquiring an additional 648,855 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Golub Capital BDC by 10.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company’s stock valued at $10,769,000 after acquiring an additional 65,167 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GBDC. StockNews.com upgraded 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 target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company 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. According to MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $15.55 on Monday. 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 moving average price is $15.29 and its two-hundred day moving average price is $15.15. The company has a current ratio of 2.94, a quick ratio of 4.73 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 11.27 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last released 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 return on equity of 11.18% and a net margin of 39.63%. On average, equities analysts predict that Golub Capital BDC, Inc. will post 1.62 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.03%. Golub Capital BDC’s dividend payout ratio is 113.04%.

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.