Fox Run Management L.L.C. Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Fox Run Management L.L.C. purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, HoldingsChannel reports. The firm purchased 19,836 shares of the investment management company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Golub Capital BDC in the 4th quarter valued at about $510,000. BluePointe Capital Management LLC lifted its holdings in shares of Golub Capital BDC by 4.4% in the fourth quarter. BluePointe Capital Management LLC now owns 103,140 shares of the investment management company’s stock valued at $1,564,000 after purchasing an additional 4,355 shares in the last quarter. Condor Capital Management grew its position in shares of Golub Capital BDC by 2.5% in the fourth quarter. Condor Capital Management now owns 307,627 shares of the investment management company’s stock valued at $4,664,000 after purchasing an additional 7,605 shares during the last quarter. Boston Partners increased its stake in shares of Golub Capital BDC by 39.5% during the 4th quarter. Boston Partners now owns 936,035 shares of the investment management company’s stock worth $14,246,000 after purchasing an additional 264,947 shares in the last quarter. Finally, Evoke Wealth LLC raised its position in shares of Golub Capital BDC by 42.7% during the 4th quarter. Evoke Wealth LLC now owns 56,153 shares of the investment management company’s stock worth $851,000 after purchasing an additional 16,809 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.17.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.37 on Friday. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The company’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $15.26. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 11.14 and a beta of 0.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (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%. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

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.