Delphi Management Inc. MA Buys 4,373 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Delphi Management Inc. MA grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,880 shares of the investment management company’s stock after buying an additional 4,373 shares during the quarter. Delphi Management Inc. MA’s holdings in Golub Capital BDC were worth $514,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of Golub Capital BDC by 0.7% during the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock valued at $1,618,000 after buying an additional 704 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $223,000. Hilton Capital Management LLC bought a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $5,584,000. Commonwealth Equity Services LLC grew its stake in shares of Golub Capital BDC by 7.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 116,328 shares of the investment management company’s stock valued at $1,764,000 after buying an additional 7,727 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $3,042,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 2.0 %

Shares of NASDAQ:GBDC opened at $14.96 on Tuesday. The business’s 50 day moving average is $15.39 and its 200 day moving average is $15.25. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market cap of $3.97 billion, a P/E ratio of 10.84 and a beta of 0.50. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

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 return on equity of 11.18% and a net margin of 39.63%. Sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.43%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GBDC shares. Wells Fargo & Company cut their target price 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. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.