Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 30.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,394 shares of the investment management company’s stock after acquiring an additional 5,760 shares during the quarter. Navellier & Associates Inc.’s holdings in Golub Capital BDC were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after acquiring an additional 533,895 shares in the last quarter. Sound Income Strategies LLC increased its holdings in 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 worth $46,320,000 after acquiring an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc increased its holdings in Golub Capital BDC by 25.9% in 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 in the last quarter. Partners Group Holding AG increased its holdings in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Golub Capital BDC by 10.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company’s stock worth $10,769,000 after buying an additional 65,167 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 0.4 %

Shares of GBDC stock opened at $15.84 on Monday. The company’s 50-day moving average price is $15.40 and its 200-day moving average price is $15.21. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 11.47 and a beta of 0.54. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72.

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

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a dividend yield of 9.85%. Golub Capital BDC’s payout ratio is 113.04%.

Analysts Set New Price Targets

GBDC has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.