Hurley Capital LLC Invests $50,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hurley Capital LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,238 shares of the investment management company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GBDC. Atria Investments Inc increased its stake in shares of Golub Capital BDC by 912.0% in the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after purchasing an additional 886,123 shares in the last quarter. Sage Mountain Advisors LLC raised its holdings in Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after acquiring an additional 701,594 shares during the period. Northeast Financial Consultants Inc lifted its position in shares of Golub Capital BDC by 25.9% in 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 in the last quarter. Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after acquiring an additional 533,895 shares during the period. Finally, OneAscent Wealth Management LLC purchased a new stake in shares of Golub Capital BDC during the fourth quarter worth about $6,395,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.17.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $13.89 on Friday. The business’s 50-day moving average is $15.34 and its 200 day moving average is $15.27. Golub Capital BDC, Inc. has a 12 month low of $13.88 and a 12 month high of $17.72. The company has a market capitalization of $3.69 billion, a P/E ratio of 10.07 and a beta of 0.50. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last posted its 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 net margin of 39.63% and a return on equity of 11.18%. On average, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.23%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 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.