Wells Fargo & Company MN grew its holdings in Golub Capital BDC Inc (NASDAQ:GBDC) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,505,519 shares of the investment management company’s stock after purchasing an additional 59,942 shares during the period. Wells Fargo & Company MN owned about 2.48% of Golub Capital BDC worth $26,798,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Heritage Wealth Advisors acquired a new position in shares of Golub Capital BDC in the 1st quarter valued at about $25,000. Arlington Partners LLC acquired a new position in Golub Capital BDC in the second quarter worth approximately $36,000. Parallel Advisors LLC acquired a new position in Golub Capital BDC in the second quarter worth approximately $41,000. Berman Capital Advisors LLC acquired a new position in Golub Capital BDC in the first quarter worth approximately $105,000. Finally, Aperio Group LLC acquired a new position in Golub Capital BDC in the second quarter worth approximately $108,000. Institutional investors own 34.97% of the company’s stock.
Shares of GBDC traded up $0.03 during mid-day trading on Thursday, hitting $18.44. The company’s stock had a trading volume of 1,890 shares, compared to its average volume of 122,637. Golub Capital BDC Inc has a one year low of $16.21 and a one year high of $19.89. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.76 and a current ratio of 3.76. The firm has a market capitalization of $1.12 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 7.14 and a beta of 0.59. The stock’s 50-day moving average is $18.31 and its two-hundred day moving average is $18.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 19th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.28 annualized dividend and a dividend yield of 6.94%. Golub Capital BDC’s dividend payout ratio is 99.22%.
GBDC has been the topic of a number of research reports. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 16th. National Securities reaffirmed a “buy” rating and set a $22.00 target price on shares of Golub Capital BDC in a research report on Monday, May 13th. Finally, BidaskClub cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, August 30th.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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