Garden State Investment Advisory Services LLC Makes New $361,000 Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Garden State Investment Advisory Services LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 23,900 shares of the investment management company’s stock, valued at approximately $361,000.

A number of other institutional investors have also modified their holdings of GBDC. Partners Group Holding AG lifted its stake in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after purchasing an additional 648,855 shares in the last quarter. TCW Group Inc. lifted its position in Golub Capital BDC by 63.0% during the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock worth $6,766,000 after acquiring an additional 166,480 shares in the last quarter. Northeast Financial Consultants Inc boosted its holdings in Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after acquiring an additional 1,268,442 shares during the period. BBR Partners LLC acquired a new stake in Golub Capital BDC in the third quarter valued at approximately $655,000. Finally, Baillie Gifford & Co. raised its stake in shares of Golub Capital BDC by 64.5% during the second quarter. Baillie Gifford & Co. now owns 505,959 shares of the investment management company’s stock valued at $7,949,000 after purchasing an additional 198,473 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

GBDC has been the subject of several analyst reports. 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 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $15.05 on Friday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $15.32 and a 200-day moving average of $15.31. The stock has a market cap of $3.98 billion, a P/E ratio of 10.67 and a beta of 0.54. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.37%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Golub Capital BDC Company 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.