Toroso Investments LLC increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) by 6.4% during the third quarter, HoldingsChannel reports. The fund owned 58,740 shares of the investment management company’s stock after buying an additional 3,559 shares during the quarter. Toroso Investments LLC’s holdings in Golub Capital BDC were worth $862,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in Golub Capital BDC during the 2nd quarter worth about $30,000. State of Wyoming bought a new stake in Golub Capital BDC during the 2nd quarter worth approximately $84,000. BNP Paribas Arbitrage SNC bought a new position in shares of Golub Capital BDC in the first quarter valued at approximately $102,000. US Bancorp DE grew its holdings in shares of Golub Capital BDC by 9.5% in the second quarter. US Bancorp DE now owns 9,136 shares of the investment management company’s stock valued at $123,000 after acquiring an additional 789 shares in the last quarter. Finally, Cherrydale Wealth Management LLC purchased a new position in Golub Capital BDC in the third quarter valued at approximately $148,000. Institutional investors own 40.82% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on Golub Capital BDC from $16.50 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Raymond James lifted their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Company lifted their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Two investment 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 $16.25.
View Our Latest Analysis on Golub Capital BDC
Golub Capital BDC Trading Up 1.7 %
NASDAQ GBDC opened at $16.00 on Wednesday. The stock’s 50-day simple moving average is $15.53 and its two-hundred day simple moving average is $14.95. Golub Capital BDC, Inc. has a twelve month low of $12.27 and a twelve month high of $16.08. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.79 and a beta of 0.57.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last released its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $164.77 million for the quarter, compared to analysts’ expectations of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. Research analysts forecast that Golub Capital BDC, Inc. will post 1.93 EPS for the current fiscal year.
Golub Capital BDC Dividend Announcement
The business also recently disclosed a Variable dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 15th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio is currently 85.71%.
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.
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