294,838 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 294,838 shares of the investment management company’s stock, valued at approximately $4,470,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GBDC. Blue Trust Inc. raised its holdings in shares of Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after buying an additional 1,921 shares during the period. Parkside Financial Bank & Trust grew its position in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Golub Capital BDC during the fourth quarter valued at approximately $160,000. Empowered Funds LLC acquired a new position in shares of Golub Capital BDC during the fourth quarter worth $173,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Golub Capital BDC in the fourth quarter valued at $211,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.17.

Golub Capital BDC Stock Up 0.9 %

Shares of NASDAQ:GBDC opened at $15.32 on Wednesday. The firm has a market cap of $4.07 billion, a PE ratio of 11.10 and a beta of 0.50. The company has a fifty day simple moving average of $15.40 and a 200 day simple moving average of $15.26. 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.

Golub Capital BDC (NASDAQ:GBDC) last released its 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 return on equity of 11.18% and a net margin of 39.63%. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.18%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

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.