D.A. Davidson & CO. Increases Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

D.A. Davidson & CO. boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 13.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 162,406 shares of the investment management company’s stock after acquiring an additional 19,348 shares during the period. D.A. Davidson & CO.’s holdings in Golub Capital BDC were worth $2,452,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in Golub Capital BDC by 1,005.0% during the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after buying an additional 2,000 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Golub Capital BDC in the 4th quarter valued at $151,000. Latitude Advisors LLC purchased a new position in Golub Capital BDC in the 4th quarter valued at $152,000. Perigon Wealth Management LLC purchased a new position in Golub Capital BDC in the 4th quarter valued at $156,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth $183,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America upgraded Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, March 25th. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. StockNews.com cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Wells Fargo & Company increased their target price 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Price Performance

Shares of GBDC traded up $0.14 during midday trading on Friday, hitting $16.25. The company’s stock had a trading volume of 1,758,097 shares, compared to its average volume of 849,369. Golub Capital BDC, Inc. has a one year low of $12.92 and a one year high of $17.72. The company’s fifty day simple moving average is $16.59 and its two-hundred day simple moving average is $15.74. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 8.00 and a beta of 0.55.

Golub Capital BDC Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. Golub Capital BDC’s payout ratio is 76.85%.

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.