Strs Ohio bought a new stake in shares of Golub Capital BDC Inc (NASDAQ:GBDC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,467,008 shares of the investment management company’s stock, valued at approximately $291,398,000. Golub Capital BDC comprises about 1.3% of Strs Ohio’s investment portfolio, making the stock its 7th largest holding. Strs Ohio owned about 25.47% of Golub Capital BDC as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its position in shares of Golub Capital BDC by 28.6% during the second quarter. Foundations Investment Advisors LLC now owns 109,205 shares of the investment management company’s stock worth $1,935,000 after acquiring an additional 24,290 shares during the last quarter. RDA Financial Network grew its position in Golub Capital BDC by 42.3% in the 2nd quarter. RDA Financial Network now owns 15,473 shares of the investment management company’s stock valued at $274,000 after buying an additional 4,603 shares in the last quarter. Arlington Partners LLC bought a new position in Golub Capital BDC in the 2nd quarter valued at about $36,000. Sound Income Strategies LLC grew its position in Golub Capital BDC by 50.5% in the 2nd quarter. Sound Income Strategies LLC now owns 991,076 shares of the investment management company’s stock valued at $17,641,000 after buying an additional 332,531 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in Golub Capital BDC by 3.2% in the 2nd quarter. Moors & Cabot Inc. now owns 28,514 shares of the investment management company’s stock valued at $507,000 after buying an additional 877 shares in the last quarter. Hedge funds and other institutional investors own 36.15% of the company’s stock.
GBDC stock traded up $0.01 during mid-day trading on Monday, reaching $17.94. 5,492 shares of the stock traded hands, compared to its average volume of 579,400. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 1.08. Golub Capital BDC Inc has a 52-week low of $16.21 and a 52-week high of $19.38. The company has a market cap of $1.09 billion, a P/E ratio of 13.91, a P/E/G ratio of 6.88 and a beta of 0.56. The stock’s fifty day moving average is $18.43 and its 200-day moving average is $18.11.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, August 19th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend was Friday, August 16th. Golub Capital BDC’s dividend payout ratio is presently 99.22%.
A number of equities research analysts have weighed in on GBDC shares. BidaskClub downgraded shares of Golub Capital BDC from a “sell” rating to a “strong sell” rating in a report on Friday. Zacks Investment Research raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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