Stifel Financial Corp Buys 92,712 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Stifel Financial Corp increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 30.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,491 shares of the investment management company’s stock after buying an additional 92,712 shares during the period. Stifel Financial Corp owned 0.23% of Golub Capital BDC worth $6,051,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GBDC. TCW Group Inc. raised its stake in Golub Capital BDC by 63.0% in the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock worth $6,766,000 after buying an additional 166,480 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Golub Capital BDC by 3.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 639,923 shares of the investment management company’s stock worth $10,053,000 after buying an additional 18,615 shares in the last quarter. Raymond James & Associates raised its stake in Golub Capital BDC by 5.5% in the second quarter. Raymond James & Associates now owns 116,963 shares of the investment management company’s stock worth $1,837,000 after buying an additional 6,104 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Golub Capital BDC by 18.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 207,285 shares of the investment management company’s stock worth $3,256,000 after buying an additional 31,696 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Golub Capital BDC in the second quarter worth about $764,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.05 on Friday. The company has a 50 day simple moving average of $15.32 and a two-hundred day simple moving average of $15.31. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. 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 company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.67 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

Analysts Set New Price Targets

GBDC has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC 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.