Riverbridge Partners LLC Acquires 51,640 Shares of Golub Capital BDC, Inc. $GBDC

Riverbridge Partners LLC grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 110.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 98,529 shares of the investment management company’s stock after purchasing an additional 51,640 shares during the period. Riverbridge Partners LLC’s holdings in Golub Capital BDC were worth $1,337,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GBDC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Golub Capital BDC during the 3rd quarter valued at approximately $33,000. CWM LLC boosted its holdings in Golub Capital BDC by 13,588.0% in the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after acquiring an additional 3,397 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of Golub Capital BDC in the third quarter worth $51,000. Advisory Services Network LLC bought a new position in shares of Golub Capital BDC during the third quarter valued at $77,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Golub Capital BDC in the 3rd quarter worth about $78,000. 42.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GBDC. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Keefe, Bruyette & Woods reduced their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Buy” and a consensus price target of $14.38.

Golub Capital BDC Stock Down 2.2%

GBDC opened at $12.26 on Friday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 9.81 and a beta of 0.45. The firm has a 50 day moving average price of $12.65 and a 200-day moving average price of $13.45. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.63. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 10.8%. Golub Capital BDC’s payout ratio is presently 105.60%.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.