82,256 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 3rd quarter, Holdings Channel reports. The fund purchased 82,256 shares of the investment management company’s stock, valued at approximately $1,243,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its stake in shares of Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after buying an additional 1,355 shares during the last quarter. Allworth Financial LP increased its stake in shares of Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares during the period. Cove Street Capital LLC acquired a new stake in Golub Capital BDC during the 2nd quarter worth approximately $39,000. Quarry LP bought a new stake in Golub Capital BDC in the 2nd quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Golub Capital BDC in the 2nd quarter valued at $71,000. 42.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. 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 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Stock Down 0.5 %

GBDC stock opened at $15.07 on Wednesday. The company has a market cap of $3.98 billion, a PE ratio of 10.69 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The business has a 50-day simple moving average of $15.32 and a 200 day simple moving average of $15.33.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th 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 10.35%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

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.