Frontier Investment Mgmt Co. lifted its holdings in Golub Capital BDC Inc (NASDAQ:GBDC) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 774,258 shares of the investment management company’s stock after buying an additional 49,364 shares during the quarter. Golub Capital BDC comprises 1.2% of Frontier Investment Mgmt Co.’s portfolio, making the stock its 24th biggest holding. Frontier Investment Mgmt Co.’s holdings in Golub Capital BDC were worth $14,091,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in GBDC. Macquarie Group Ltd. acquired a new stake in Golub Capital BDC in the third quarter worth about $102,000. San Francisco Sentry Investment Group CA acquired a new stake in Golub Capital BDC in the third quarter worth about $134,000. Global X MANAGEMENT CO LLC increased its position in Golub Capital BDC by 48.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,253 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Golub Capital BDC in the third quarter worth about $194,000. Finally, JPMorgan Chase & Co. increased its position in Golub Capital BDC by 219.3% in the second quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock worth $210,000 after purchasing an additional 7,584 shares during the period. 38.30% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on GBDC. ValuEngine upgraded Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. National Securities reiterated a “neutral” rating and issued a $19.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, November 22nd. Finally, BidaskClub upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $20.38.
In related news, Director William M. Iv Webster bought 1,634 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $17.96 per share, for a total transaction of $29,346.64. Following the transaction, the director now owns 138,148 shares of the company’s stock, valued at $2,481,138.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.70% of the stock is currently owned by insiders.
Golub Capital BDC Inc (GBDC) opened at $18.27 on Monday. The stock has a market capitalization of $1,091.47, a PE ratio of 12.78, a PEG ratio of 1.44 and a beta of 0.65. Golub Capital BDC Inc has a 12-month low of $17.35 and a 12-month high of $20.50. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.86.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 7th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $36.45 million during the quarter, compared to analyst estimates of $35.22 million. Golub Capital BDC had a return on equity of 7.94% and a net margin of 58.64%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. equities research analysts predict that Golub Capital BDC Inc will post 1.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.28 annualized dividend and a dividend yield of 7.01%. Golub Capital BDC’s payout ratio is currently 67.13%.
Golub Capital BDC 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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