Cornerstone Wealth Management LLC Invests $160,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cornerstone Wealth Management LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,551 shares of the investment management company’s stock, valued at approximately $160,000.

A number of other institutional investors also recently bought and sold shares of the stock. Nicholas Hoffman & Company LLC. raised its stake in shares of Golub Capital BDC by 1.8% in the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 664 shares during the period. Neville Rodie & Shaw Inc. grew its holdings in Golub Capital BDC by 1.3% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock valued at $824,000 after purchasing an additional 715 shares during the last quarter. Sanctuary Advisors LLC raised its position in Golub Capital BDC by 1.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock worth $1,101,000 after purchasing an additional 769 shares during the period. Moors & Cabot Inc. lifted its stake in Golub Capital BDC by 2.3% in the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after purchasing an additional 875 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Golub Capital BDC by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company’s stock valued at $556,000 after buying an additional 1,150 shares during the period. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GBDC shares. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Stock Up 0.1 %

Shares of NASDAQ GBDC opened at $15.59 on Tuesday. 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 $4.12 billion, a price-to-earnings ratio of 11.06 and a beta of 0.53. The stock has a 50 day moving average price of $15.26 and a 200 day moving average price 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.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.01%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is 110.64%.

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.