Barclays PLC Increases Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Barclays PLC boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 45.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 190,132 shares of the investment management company’s stock after buying an additional 59,443 shares during the period. Barclays PLC’s holdings in Golub Capital BDC were worth $2,873,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James & Associates raised its stake in shares of Golub Capital BDC by 5.5% in the second quarter. Raymond James & Associates now owns 116,963 shares of the investment management company’s stock valued at $1,837,000 after acquiring an additional 6,104 shares during the period. HB Wealth Management LLC boosted its stake in shares of Golub Capital BDC by 205.4% during the 2nd quarter. HB Wealth Management LLC now owns 384,595 shares of the investment management company’s stock worth $6,042,000 after purchasing an additional 258,661 shares during the period. TrueMark Investments LLC bought a new position in Golub Capital BDC during the 2nd quarter valued at about $1,389,000. International Assets Investment Management LLC purchased a new stake in Golub Capital BDC in the 2nd quarter worth about $121,000. Finally, Legacy Advisors LLC bought a new stake in Golub Capital BDC in the second quarter worth about $222,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of analyst reports. Wells Fargo & Company cut their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Stock Up 1.7 %

Shares of NASDAQ GBDC opened at $15.33 on Wednesday. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.87 and a beta of 0.54. The stock has a 50 day moving average price of $15.30 and a 200 day moving average price of $15.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

About Golub Capital BDC

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.