Edgemoor Investment Advisors Inc. Lowers Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Edgemoor Investment Advisors Inc. lessened its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.8% in the fourth quarter, HoldingsChannel reports. The firm owned 71,480 shares of the investment management company’s stock after selling 5,187 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in Golub Capital BDC were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GBDC. Atria Investments Inc lifted its stake in shares of Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock valued at $14,907,000 after purchasing an additional 886,123 shares during the period. Sage Mountain Advisors LLC increased its position in Golub Capital BDC by 38.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after buying an additional 701,594 shares in the last quarter. Partners Group Holding AG increased its position in 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 buying an additional 648,855 shares in the last quarter. LGT Capital Partners LTD. bought a new position in Golub Capital BDC during the 3rd quarter valued at approximately $8,721,000. Finally, Northeast Financial Consultants Inc increased its position in 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 valued at $40,016,000 after buying an additional 544,126 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 1.5 %

Golub Capital BDC stock opened at $14.67 on Monday. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 10.63 and a beta of 0.50. The stock has a fifty day simple moving average of $15.40 and a two-hundred day simple moving average of $15.25. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed 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. This represents a $1.56 annualized dividend and a dividend yield of 10.63%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

Analyst Ratings Changes

GBDC has been the subject of a number of analyst reports. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Monday, March 10th. Wells Fargo & Company reduced their price objective 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

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.