Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1,005.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,199 shares of the investment management company’s stock after acquiring an additional 2,000 shares during the quarter. Private Trust Co. NA’s holdings in Golub Capital BDC were worth $33,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new stake in shares of Golub Capital BDC during the 2nd quarter worth $30,000. State of Wyoming purchased a new stake in Golub Capital BDC during the 2nd quarter worth about $84,000. BNP Paribas Arbitrage SNC purchased a new stake in Golub Capital BDC during the 1st quarter worth about $102,000. Family Management Corp acquired a new position in shares of Golub Capital BDC during the 4th quarter worth about $144,000. Finally, Creative Planning purchased a new position in shares of Golub Capital BDC in the 4th quarter valued at about $146,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $16.70 on Friday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. The firm has a market cap of $2.85 billion, a PE ratio of 9.18 and a beta of 0.57. The company’s 50 day simple moving average is $15.94 and its 200-day simple moving average is $15.23. Golub Capital BDC, Inc. has a 12-month low of $12.77 and a 12-month high of $16.77.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The business had revenue of $164.77 million for the quarter, compared to analysts’ expectations of $160.93 million. As a group, equities analysts predict that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio is presently 85.71%.

Analyst Upgrades and Downgrades

GBDC has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. StockNews.com cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Raymond James boosted their target price on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 23rd. Finally, Bank of America upgraded Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

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.