Geneos Wealth Management Inc. Has $605,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Geneos Wealth Management Inc. cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,899 shares of the investment management company’s stock after selling 1,726 shares during the period. Geneos Wealth Management Inc.’s holdings in Golub Capital BDC were worth $605,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of Golub Capital BDC by 15.2% in the second quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company’s stock worth $4,102,000 after purchasing an additional 34,439 shares during the last quarter. ProShare Advisors LLC grew its holdings in Golub Capital BDC by 9.4% during the second quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company’s stock worth $412,000 after buying an additional 2,262 shares in the last quarter. Millennium Management LLC raised its position in Golub Capital BDC by 1,170.6% in the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after buying an additional 724,662 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Golub Capital BDC by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company’s stock valued at $556,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Golub Capital BDC during the 2nd quarter worth $285,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC opened at $15.75 on Wednesday. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The firm has a 50-day moving average of $15.27 and a 200 day moving average of $15.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a market cap of $4.16 billion, a P/E ratio of 11.17 and a beta of 0.53.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were paid a dividend of $0.39 per share. The ex-dividend date was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 9.90%. Golub Capital BDC’s payout ratio is currently 110.64%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average price target of $16.38.

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.