Golub Capital BDC, Inc. (NASDAQ:GBDC) Position Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) by 34.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,704 shares of the investment management company’s stock after acquiring an additional 5,058 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Golub Capital BDC were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC raised its holdings in Golub Capital BDC by 69.7% during the second quarter. Lindbrook Capital LLC now owns 4,442,722 shares of the investment management company’s stock valued at $57,578,000 after buying an additional 1,824,642 shares in the last quarter. Ulrich Consultants & Investment Group LLC bought a new position in Golub Capital BDC during the second quarter valued at about $9,772,000. Ares Management LLC raised its holdings in Golub Capital BDC by 23.3% during the first 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 in the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in Golub Capital BDC by 59.3% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,075,061 shares of the investment management company’s stock valued at $9,420,685,000 after buying an additional 400,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Golub Capital BDC by 13.2% during the second quarter. JPMorgan Chase & Co. now owns 2,643,471 shares of the investment management company’s stock valued at $34,259,000 after buying an additional 308,826 shares in the last quarter. 42.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GBDC. Wells Fargo & Company set a $14.50 target price on Golub Capital BDC in a report on Thursday, November 24th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th.

Golub Capital BDC Trading Down 0.7 %

Shares of NASDAQ:GBDC opened at $13.73 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of 15.26 and a beta of 0.62. The stock’s 50-day moving average is $13.38 and its 200-day moving average is $13.39. Golub Capital BDC, Inc. has a 52-week low of $11.94 and a 52-week high of $16.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.24 and a current ratio of 3.24.

Golub Capital BDC (NASDAQ:GBDC – Get Rating) last issued its quarterly earnings results on Monday, November 21st. The investment management company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Golub Capital BDC had a return on equity of 8.15% and a net margin of 39.57%. The company had revenue of $119.65 million for the quarter, compared to the consensus estimate of $111.40 million. Equities research analysts predict that Golub Capital BDC, Inc. will post 1.55 earnings per share for the current year.

Golub Capital BDC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Friday, December 9th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, December 8th. This is an increase from Golub Capital BDC’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 9.61%. Golub Capital BDC’s dividend payout ratio (DPR) is 146.67%.

About Golub Capital BDC

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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.