FORA Capital LLC Buys Shares of 38,170 Golub Capital BDC, Inc. (NASDAQ:GBDC)

FORA Capital LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,170 shares of the investment management company’s stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GBDC. Silvercrest Asset Management Group LLC grew its stake in shares of Golub Capital BDC by 3.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after acquiring an additional 970 shares during the last quarter. Tidal Investments LLC increased its stake in Golub Capital BDC by 7.3% during the 1st quarter. Tidal Investments LLC now owns 65,932 shares of the investment management company’s stock valued at $1,096,000 after purchasing an additional 4,471 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Golub Capital BDC in the first quarter worth approximately $257,000. Cetera Advisors LLC bought a new position in shares of Golub Capital BDC in the first quarter worth approximately $995,000. Finally, Boston Partners bought a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $12,126,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 0.2 %

Golub Capital BDC stock opened at $15.49 on Friday. The business has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $15.39. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The company has a market cap of $2.66 billion, a P/E ratio of 10.99 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.07%. Golub Capital BDC’s payout ratio is presently 110.64%.

Insider Transactions at Golub Capital BDC

In related news, CEO David Golub acquired 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $14.91 per share, with a total value of $298,200.00. Following the transaction, the chief executive officer now directly owns 1,958,880 shares in the company, valued at approximately $29,206,900.80. This represents a 1.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Keefe, Bruyette & Woods cut their target price on 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. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday. Oppenheimer restated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company reduced their price target 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. 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 has an average rating of “Moderate Buy” and an average price target 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.