Bank of New York Mellon Corp Raises Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Bank of New York Mellon Corp raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 64.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 114,670 shares of the investment management company’s stock after acquiring an additional 44,815 shares during the quarter. Bank of New York Mellon Corp’s holdings in Golub Capital BDC were worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Partners Group Holding AG boosted its holdings in shares of Golub Capital BDC by 48.2% in the third 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 during the period. Barclays PLC raised its position in Golub Capital BDC by 45.5% during the third quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock valued at $2,873,000 after purchasing an additional 59,443 shares in the last quarter. Eagle Bay Advisors LLC raised its position in Golub Capital BDC by 82.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock valued at $2,783,000 after purchasing an additional 82,787 shares in the last quarter. BBR Partners LLC purchased a new position in shares of Golub Capital BDC in the third quarter worth about $655,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Golub Capital BDC by 30.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock worth $1,744,000 after purchasing an additional 26,764 shares during the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.12 on Friday. The business’s fifty day simple moving average is $15.40 and its two-hundred day simple moving average is $15.25. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 10.96 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last released 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%. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.32%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.