Partners Group Holding AG Acquires 648,855 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Partners Group Holding AG boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 48.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,994,663 shares of the investment management company’s stock after purchasing an additional 648,855 shares during the period. Golub Capital BDC comprises 2.0% of Partners Group Holding AG’s investment portfolio, making the stock its 23rd largest position. Partners Group Holding AG’s holdings in Golub Capital BDC were worth $30,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Abundance Wealth Counselors increased its holdings in Golub Capital BDC by 289.2% during the 2nd quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock valued at $2,943,000 after purchasing an additional 139,212 shares during the period. TCW Group Inc. raised its position in shares of Golub Capital BDC by 63.0% in the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock worth $6,766,000 after purchasing an additional 166,480 shares during the last quarter. Cetera Advisors LLC bought a new position in Golub Capital BDC in the 1st quarter valued at approximately $995,000. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the period. Finally, Boston Partners purchased a new position in shares of Golub Capital BDC in the 1st quarter worth $12,126,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have purchased 60,000 shares of company stock worth $897,200. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price objective on 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.40.

Golub Capital BDC Price Performance

GBDC opened at $15.38 on Tuesday. The business has a fifty day moving average of $15.20 and a 200 day moving average of $15.41. The stock has a market cap of $2.64 billion, a P/E ratio of 10.91 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

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.