M Holdings Securities Inc. Buys New Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

M Holdings Securities Inc. bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDCGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,673 shares of the investment management company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GBDC. Cerity Partners LLC raised its position in Golub Capital BDC by 90.2% in the 1st quarter. Cerity Partners LLC now owns 2,345,089 shares of the investment management company’s stock valued at $35,668,000 after buying an additional 1,111,973 shares during the last quarter. Border to Coast Pensions Partnership Ltd acquired a new stake in Golub Capital BDC in the 1st quarter valued at approximately $7,798,000. Van ECK Associates Corp raised its position in Golub Capital BDC by 32.1% in the 1st quarter. Van ECK Associates Corp now owns 2,110,906 shares of the investment management company’s stock valued at $32,106,000 after buying an additional 512,741 shares during the last quarter. Ares Management LLC raised its position in Golub Capital BDC by 23.3% in the 1st quarter. Ares Management LLC now owns 2,628,419 shares of the investment management company’s stock valued at $39,978,000 after buying an additional 497,391 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Golub Capital BDC during the 4th quarter worth approximately $5,527,000. Institutional investors and hedge funds own 42.64% of the company’s stock.

Golub Capital BDC Stock Down 0.3 %

NASDAQ:GBDC opened at $13.54 on Monday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 10.66 and a beta of 0.58. Golub Capital BDC, Inc. has a twelve month low of $12.62 and a twelve month high of $16.23. The stock’s 50 day moving average price is $13.82 and its two-hundred day moving average price is $14.22. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.21.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 8.86%. Golub Capital BDC’s dividend payout ratio is currently 94.49%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Director Anita J. Rival bought 10,000 shares of Golub Capital BDC stock in a transaction dated Friday, August 26th. The stock was bought at an average cost of $13.91 per share, for a total transaction of $139,100.00. Following the purchase, the director now owns 61,000 shares of the company’s stock, valued at approximately $848,510. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, TheStreet lowered Golub Capital BDC from a “b-” rating to a “c” rating in a research report on Wednesday, June 1st.

About Golub Capital BDC

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding GBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golub Capital BDC, Inc. (NASDAQ:GBDCGet Rating).

Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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