233,030 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Purchased by Bank of Montreal Can

Bank of Montreal Can bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 233,030 shares of the investment management company’s stock, valued at approximately $3,486,000.

Several other large investors also recently bought and sold shares of the company. Northeast Financial Consultants Inc raised its position in shares of Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after purchasing an additional 1,268,442 shares during the last quarter. Millennium Management LLC lifted its position in shares of Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after acquiring an additional 724,662 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after acquiring an additional 640,866 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Golub Capital BDC during the 2nd quarter worth about $9,426,000. Finally, LGT Capital Partners LTD. acquired a new position in Golub Capital BDC in the 3rd quarter valued at about $8,721,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 0.2 %

Shares of NASDAQ GBDC opened at $15.63 on Thursday. The stock has a market capitalization of $4.13 billion, a PE ratio of 11.09 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $15.30 and a 200-day moving average of $15.36. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 9.98%. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GBDC. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company lowered 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 research note on Thursday, November 21st. Keefe, Bruyette & Woods reduced their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Company 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.