GraniteShares Advisors LLC Grows Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

GraniteShares Advisors LLC increased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,685 shares of the investment management company’s stock after acquiring an additional 11,034 shares during the quarter. Golub Capital BDC comprises approximately 1.6% of GraniteShares Advisors LLC’s holdings, making the stock its 28th biggest position. GraniteShares Advisors LLC owned about 0.06% of Golub Capital BDC worth $2,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GBDC. Partners Group Holding AG increased its holdings in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares in the last quarter. LGT Capital Partners LTD. purchased a new stake in Golub Capital BDC in the 3rd quarter worth approximately $8,721,000. Northeast Financial Consultants Inc increased its holdings in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after acquiring an additional 544,126 shares in the last quarter. Van ECK Associates Corp grew its holdings in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after buying an additional 533,895 shares in the last quarter. Finally, First National Trust Co purchased a new stake in Golub Capital BDC during the 3rd quarter valued at approximately $3,992,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Trading Down 0.5 %

GBDC stock opened at $15.69 on Wednesday. The firm has a fifty day moving average price of $15.43 and a 200 day moving average price of $15.23. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $4.17 billion, a PE ratio of 11.37 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is presently 113.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GBDC shares. Wells Fargo & Company cut their price objective 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 lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Hold” and an average price target 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.