Franklin Resources Inc. Acquires 98,685 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Franklin Resources Inc. lifted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 32.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 404,865 shares of the investment management company’s stock after purchasing an additional 98,685 shares during the period. Franklin Resources Inc. owned 0.24% of Golub Capital BDC worth $6,134,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Nicholas Hoffman & Company LLC. lifted its stake in Golub Capital BDC by 1.8% in the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after buying an additional 664 shares during the period. Neville Rodie & Shaw Inc. raised its position in shares of Golub Capital BDC by 1.3% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock valued at $824,000 after acquiring an additional 715 shares during the period. Sanctuary Advisors LLC boosted its stake in Golub Capital BDC by 1.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock worth $1,101,000 after acquiring an additional 769 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after acquiring an additional 875 shares during the last quarter. Finally, Wedbush Securities Inc. grew its holdings in Golub Capital BDC by 2.8% during the second quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 1,000 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.08 on Monday. The firm has a market cap of $3.99 billion, a P/E ratio of 10.70 and a beta of 0.54. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm’s 50 day moving average price is $15.30 and its two-hundred day moving average price is $15.25.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s payout ratio is presently 110.64%.

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.