Golub Capital BDC, Inc. (NASDAQ:GBDC) is Eagle Bay Advisors LLC’s 9th Largest Position

Eagle Bay Advisors LLC lifted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 82.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 183,602 shares of the investment management company’s stock after buying an additional 82,787 shares during the quarter. Golub Capital BDC makes up 1.8% of Eagle Bay Advisors LLC’s investment portfolio, making the stock its 9th largest position. Eagle Bay Advisors LLC owned about 0.07% of Golub Capital BDC worth $2,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Golub Capital BDC by 13.5% during the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after buying an additional 475,196 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Golub Capital BDC by 5.0% during the third quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after buying an additional 137,813 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after buying an additional 544,126 shares in the last quarter. Partners Group Holding AG grew its holdings in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after buying an additional 648,855 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after purchasing an additional 724,662 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Trading Down 0.1 %

GBDC traded down $0.01 during trading on Monday, hitting $14.89. 818,171 shares of the company’s stock were exchanged, compared to its average volume of 1,109,330. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The stock has a 50 day moving average price of $15.25 and a 200 day moving average price of $15.19. The firm has a market cap of $3.94 billion, a P/E ratio of 10.56 and a beta of 0.53.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.48%. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GBDC. Wells Fargo & Company lowered their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $16.40.

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.