Penbrook Management LLC Takes $434,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Penbrook Management LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 28,630 shares of the investment management company’s stock, valued at approximately $434,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in Golub Capital BDC by 13.5% in the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after acquiring an additional 475,196 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after purchasing an additional 172,519 shares during the last quarter. Northeast Financial Consultants Inc grew its holdings in 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 valued at $40,016,000 after purchasing an additional 544,126 shares during the period. Partners Group Holding AG grew its holdings in 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 valued at $30,139,000 after purchasing an additional 648,855 shares during the period. Finally, Millennium Management LLC increased its position 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 worth $12,357,000 after buying an additional 724,662 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $15.45 on Thursday. The business’s fifty day moving average is $15.27 and its 200 day moving average is $15.16. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 10.96 and a beta of 0.53. 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, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.10%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GBDC shares. Wells Fargo & Company cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

About Golub Capital BDC

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.