Latitude Advisors LLC Buys New Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Latitude Advisors LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, Holdings Channel reports. The fund purchased 10,056 shares of the investment management company’s stock, valued at approximately $152,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Golub Capital BDC by 19.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,511 shares of the investment management company’s stock worth $266,000 after purchasing an additional 2,905 shares in the last quarter. Blair William & Co. IL grew its holdings in Golub Capital BDC by 18.4% during the 1st quarter. Blair William & Co. IL now owns 30,326 shares of the investment management company’s stock valued at $461,000 after buying an additional 4,711 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Golub Capital BDC by 13.3% during the first quarter. Moors & Cabot Inc. now owns 32,784 shares of the investment management company’s stock valued at $499,000 after buying an additional 3,836 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Golub Capital BDC by 4.4% during the first quarter. Mackenzie Financial Corp now owns 85,946 shares of the investment management company’s stock worth $1,307,000 after acquiring an additional 3,628 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Golub Capital BDC by 14.0% during the first quarter. First Trust Advisors LP now owns 328,337 shares of the investment management company’s stock valued at $4,994,000 after acquiring an additional 40,440 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.4 %

GBDC stock opened at $16.63 on Thursday. The company has a market capitalization of $2.85 billion, a PE ratio of 9.14 and a beta of 0.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15. Golub Capital BDC, Inc. has a 12 month low of $12.77 and a 12 month high of $16.83. The firm’s 50-day moving average is $16.05 and its 200 day moving average is $15.30.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. The company had revenue of $164.77 million for the quarter, compared to the consensus estimate of $160.93 million. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were issued a $0.07 dividend. The ex-dividend date was Wednesday, February 14th. Golub Capital BDC’s payout ratio is currently 85.71%.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of research analyst reports. Raymond James boosted their target price on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 23rd. Bank of America raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, March 25th. StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Profile

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.