Condor Capital Management Increases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Condor Capital Management raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 307,627 shares of the investment management company’s stock after buying an additional 7,605 shares during the quarter. Condor Capital Management owned about 0.12% of Golub Capital BDC worth $4,664,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Golub Capital BDC by 0.7% during the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock valued at $1,618,000 after acquiring an additional 704 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Golub Capital BDC by 1.1% during the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after buying an additional 769 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after buying an additional 827 shares during the period. Moors & Cabot Inc. grew its stake in Golub Capital BDC by 2.3% in the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after purchasing an additional 875 shares during the period. Finally, Mattern Wealth Management LLC boosted its holdings in Golub Capital BDC by 7.7% in the fourth quarter. Mattern Wealth Management LLC now owns 14,000 shares of the investment management company’s stock worth $212,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

GBDC has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Golub Capital BDC Stock Up 0.1 %

Shares of GBDC stock opened at $15.02 on Thursday. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The stock’s fifty day moving average price is $15.39 and its 200 day moving average price is $15.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 10.88 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.39%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

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.