Advisors Asset Management Inc. Has $2.49 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Advisors Asset Management Inc. grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 164,591 shares of the investment management company’s stock after buying an additional 14,214 shares during the quarter. Advisors Asset Management Inc. owned 0.10% of Golub Capital BDC worth $2,487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GBDC. Hexagon Capital Partners LLC raised its position in 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 worth $32,000 after purchasing an additional 1,355 shares in the last quarter. Allworth Financial LP raised 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 buying an additional 1,347 shares in the last quarter. Cove Street Capital LLC bought a new position in shares of Golub Capital BDC during the 2nd quarter worth approximately $39,000. Quarry LP acquired a new stake in Golub Capital BDC in the 2nd quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Golub Capital BDC in the second quarter valued at $71,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Trading Up 1.0 %

GBDC opened at $15.30 on Friday. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The firm has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $15.41. The stock has a market capitalization of $2.62 billion, a PE ratio of 10.85 and a beta of 0.54. The company has a current ratio of 4.73, a quick ratio of 5.01 and a debt-to-equity ratio of 1.15.

Golub Capital BDC Dividend Announcement

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 given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.20%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

Analyst Ratings Changes

Several brokerages have recently commented on GBDC. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Company reduced their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC 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 dated Wednesday, August 28th. The stock was bought at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the transaction, the chairman now directly owns 1,898,880 shares in the company, valued at $28,559,155.20. The trade was a 1.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders have bought 80,000 shares of company stock valued at $1,197,400. 2.70% of the stock is currently owned by corporate insiders.

Golub Capital BDC Company 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.