43,331 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Acquired by BBR Partners LLC

BBR Partners LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 43,331 shares of the investment management company’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northeast Financial Consultants Inc grew its position in shares of Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the period. Millennium Management LLC grew its holdings in Golub Capital BDC by 1,170.6% during 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. Boston Partners purchased a new stake in Golub Capital BDC in the first quarter worth about $12,126,000. Partners Group Holding AG raised its stake in shares of Golub Capital BDC by 48.2% in 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 during the period. Finally, Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 22.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after buying an additional 640,866 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, CEO David Golub bought 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $14.91 per share, with a total value of $298,200.00. Following the completion of the acquisition, the chief executive officer now owns 1,958,880 shares in the company, valued at $29,206,900.80. This trade represents a 1.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.01% of the company’s stock.

Golub Capital BDC Stock Performance

GBDC opened at $15.49 on Thursday. 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 stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 10.99 and a beta of 0.54. The company has a fifty day moving average of $15.22 and a 200 day moving average of $15.39. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.07%. Golub Capital BDC’s payout ratio is 110.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GBDC shares. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. 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 on the stock in a research note on Thursday, November 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Hold” and an average target price of $16.40.

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.