Van ECK Associates Corp Has $68.56 Million Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Van ECK Associates Corp raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,522,114 shares of the investment management company’s stock after purchasing an additional 533,895 shares during the period. Van ECK Associates Corp owned 1.71% of Golub Capital BDC worth $68,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,347 shares during the last quarter. Blue Trust Inc. grew its holdings in Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 1,921 shares during the last quarter. Cary Street Partners Asset Management LLC acquired a new position in Golub Capital BDC during the third quarter valued at approximately $151,000. Cornerstone Wealth Management LLC bought a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $160,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Golub Capital BDC in the third quarter valued at approximately $162,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

GBDC has been the subject of several research reports. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company reduced 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 report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.38.

Golub Capital BDC Stock Up 0.6 %

Shares of GBDC stock opened at $15.92 on Friday. The stock has a market cap of $4.23 billion, a P/E ratio of 11.54 and a beta of 0.54. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The stock has a fifty day moving average price of $15.31 and a 200 day moving average price of $15.17. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 4.73.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Analysts predict that Golub Capital BDC, Inc. will post 1.62 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 9.80%. Golub Capital BDC’s dividend payout ratio (DPR) 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.