Union Bancaire Privee UBP SA Takes $605,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Union Bancaire Privee UBP SA purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, HoldingsChannel reports. The firm purchased 39,891 shares of the investment management company’s stock, valued at approximately $605,000.

A number of other hedge funds have also made changes to their positions in GBDC. Millennium Management LLC boosted its stake in shares of Golub Capital BDC by 1,170.6% during the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after acquiring an additional 724,662 shares during the last quarter. Partners Group Holding AG boosted its stake in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after acquiring an additional 648,855 shares during the last quarter. LGT Capital Partners LTD. acquired a new stake in shares of Golub Capital BDC during the third quarter valued at $8,721,000. Northeast Financial Consultants Inc boosted its stake in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after acquiring an additional 544,126 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC by 13.5% during the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after acquiring an additional 475,196 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on GBDC shares. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Stock Up 1.0 %

Shares of NASDAQ:GBDC opened at $15.75 on Wednesday. The stock’s 50-day moving average price is $15.27 and its two-hundred day moving average price is $15.16. The company has a current ratio of 4.73, a quick 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. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 11.17 and a beta of 0.53.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.90%. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

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.