FORA Capital LLC Purchases Shares of 38,170 Golub Capital BDC, Inc. (NASDAQ:GBDC)

FORA Capital LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,170 shares of the investment management company’s stock, valued at approximately $577,000.

A number of other hedge funds have also recently made changes to their positions in the business. Silvercrest Asset Management Group LLC lifted its holdings in Golub Capital BDC by 3.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after purchasing an additional 970 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Golub Capital BDC by 7.3% in the first quarter. Tidal Investments LLC now owns 65,932 shares of the investment management company’s stock worth $1,096,000 after buying an additional 4,471 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Golub Capital BDC during the first quarter worth $257,000. Cetera Advisors LLC bought a new stake in Golub Capital BDC in the 1st quarter valued at $995,000. Finally, Boston Partners purchased a new stake in Golub Capital BDC in the 1st quarter worth $12,126,000. Institutional investors own 42.38% of the company’s stock.

Insider Activity at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $14.91 per share, with a total value of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.01% of the stock is owned by insiders.

Golub Capital BDC Trading Down 0.2 %

Golub Capital BDC stock opened at $15.49 on Friday. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The stock has a market cap of $2.66 billion, a PE ratio of 10.99 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The stock has a 50-day moving average of $15.23 and a two-hundred day moving average of $15.39.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.07%. Golub Capital BDC’s payout ratio is currently 110.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GBDC. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

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.