Snowden Capital Advisors LLC Increases Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Snowden Capital Advisors LLC grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 187,252 shares of the investment management company’s stock after purchasing an additional 814 shares during the period. Snowden Capital Advisors LLC’s holdings in Golub Capital BDC were worth $2,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GBDC. Castlekeep Investment Advisors LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter valued at $19,145,000. Millennium Management LLC increased its position in shares of Golub Capital BDC by 168.0% in the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company’s stock valued at $28,945,000 after buying an additional 1,196,800 shares in the last quarter. Bank of America Corp DE increased its position in shares of Golub Capital BDC by 77.8% in the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company’s stock valued at $33,559,000 after buying an additional 968,525 shares in the last quarter. Atria Investments Inc increased its position 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 valued at $14,907,000 after buying an additional 886,123 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its position in shares of Golub Capital BDC by 38.8% in 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 buying an additional 701,594 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC opened at $15.04 on Friday. The company’s 50 day simple moving average is $14.45 and its 200 day simple moving average is $15.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.76. The stock has a market capitalization of $4.01 billion, a PE ratio of 10.90 and a beta of 0.55.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The company had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.37%. Golub Capital BDC’s payout ratio is 138.05%.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of recent research reports. Bank of America dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, May 12th. Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

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.