Global Wealth Management Investment Advisory Inc. Buys 6,629 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Global Wealth Management Investment Advisory Inc. lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 10.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,549 shares of the investment management company’s stock after purchasing an additional 6,629 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Golub Capital BDC were worth $1,100,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Partners Group Holding AG raised its position in Golub Capital BDC by 48.2% during the 3rd 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 last quarter. LGT Capital Partners LTD. purchased a new stake in Golub Capital BDC in the third quarter worth $8,721,000. Northeast Financial Consultants Inc boosted its holdings in Golub Capital BDC by 25.9% in 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 acquiring an additional 544,126 shares in the last quarter. Van ECK Associates Corp boosted its holdings 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 in the last quarter. Finally, First National Trust Co purchased a new position in Golub Capital BDC during the 3rd quarter valued at $3,992,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GBDC. Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $15.55 on Monday. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 11.27 and a beta of 0.54. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The firm’s 50-day moving average is $15.29 and its 200 day moving average is $15.15.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.62 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

Golub Capital BDC 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.