Texas Yale Capital Corp. raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,461 shares of the investment management company’s stock after acquiring an additional 9,575 shares during the quarter. Texas Yale Capital Corp. owned 0.38% of Golub Capital BDC worth $4,300,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in GBDC. Bank of Montreal Can acquired a new position in shares of Golub Capital BDC during the second quarter valued at $7,342,000. Russell Investments Group Ltd. increased its holdings in shares of Golub Capital BDC by 3.3% during the second quarter. Russell Investments Group Ltd. now owns 29,650 shares of the investment management company’s stock valued at $567,000 after purchasing an additional 960 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Golub Capital BDC by 7.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 227,014 shares of the investment management company’s stock valued at $4,340,000 after purchasing an additional 14,799 shares during the period. Northeast Financial Consultants Inc increased its holdings in shares of Golub Capital BDC by 21.1% during the second quarter. Northeast Financial Consultants Inc now owns 20,690 shares of the investment management company’s stock valued at $396,000 after purchasing an additional 3,600 shares during the period. Finally, Mraz Amerine & Associates Inc. increased its holdings in shares of Golub Capital BDC by 12.7% during the second quarter. Mraz Amerine & Associates Inc. now owns 16,900 shares of the investment management company’s stock valued at $323,000 after purchasing an additional 1,900 shares during the period. 40.76% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on GBDC shares. Zacks Investment Research lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. National Securities reiterated a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods set a $20.00 target price on Golub Capital BDC and gave the stock a “hold” rating in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.88.
Shares of Golub Capital BDC, Inc. (GBDC) opened at $19.15 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.56 and a quick ratio of 3.56. The company has a market capitalization of $1,128.99, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.48 and a beta of 0.67. Golub Capital BDC, Inc. has a one year low of $17.87 and a one year high of $20.50.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The business had revenue of $34.95 million for the quarter, compared to analyst estimates of $36.78 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities analysts forecast that Golub Capital BDC, Inc. will post 1.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Tuesday, December 12th will be issued a $0.32 dividend. The ex-dividend date is Monday, December 11th. This represents a $1.28 dividend on an annualized basis and a yield of 6.68%. Golub Capital BDC’s dividend payout ratio is presently 90.78%.
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Golub Capital BDC Company Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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