Golub Capital BDC, Inc. (NASDAQ:GBDC) Position Raised by M Holdings Securities Inc.

M Holdings Securities Inc. raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 12.8% in the third quarter, HoldingsChannel.com reports. The firm owned 337,175 shares of the investment management company’s stock after buying an additional 38,213 shares during the period. Golub Capital BDC comprises about 1.3% of M Holdings Securities Inc.’s investment portfolio, making the stock its 21st biggest holding. M Holdings Securities Inc.’s holdings in Golub Capital BDC were worth $5,095,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GBDC. Hexagon Capital Partners LLC increased its holdings in shares of Golub Capital BDC by 171.5% in the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,355 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,347 shares during the last quarter. Cove Street Capital LLC acquired a new stake in shares of Golub Capital BDC during the second quarter worth $39,000. Quarry LP purchased a new stake in shares of Golub Capital BDC during the second quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC in the 2nd quarter valued at $71,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

GBDC stock opened at $15.30 on Friday. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.85 and a beta of 0.54. The firm has a 50 day moving average of $15.19 and a two-hundred day moving average of $15.44. The company has a quick ratio of 5.01, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.20%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

Analysts Set New Price Targets

GBDC has been the topic of several recent analyst reports. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company cut 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 report on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.40.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $15.01 per share, for a total transaction of $300,200.00. Following the acquisition, the chairman now directly owns 1,858,880 shares of the company’s stock, valued at $27,901,788.80. The trade was a 1.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased 80,000 shares of company stock valued at $1,197,400 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

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.