Border to Coast Pensions Partnership Ltd Has $15.15 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Border to Coast Pensions Partnership Ltd lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,000 shares of the investment management company’s stock after selling 200,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Golub Capital BDC were worth $15,150,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Golub Capital BDC by 2.7% in the second quarter. Victory Capital Management Inc. now owns 110,469 shares of the investment management company’s stock worth $1,735,000 after purchasing an additional 2,865 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Golub Capital BDC by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company’s stock valued at $4,102,000 after buying an additional 34,439 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in Golub Capital BDC during the 2nd quarter valued at $71,000. MQS Management LLC purchased a new position in Golub Capital BDC during the 2nd quarter worth $575,000. Finally, ProShare Advisors LLC grew its stake in shares of Golub Capital BDC by 9.4% in the 2nd quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company’s stock worth $412,000 after acquiring an additional 2,262 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC opened at $15.33 on Friday. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The firm has a 50-day moving average of $15.25 and a 200 day moving average of $15.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a market cap of $4.05 billion, a P/E ratio of 10.87 and a beta of 0.53.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GBDC. Wells Fargo & Company dropped 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 research report on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.