Pinebridge Investments L.P. grew its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,582 shares of the investment management company’s stock after purchasing an additional 80 shares during the quarter. Pinebridge Investments L.P.’s holdings in Golub Capital BDC were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GBDC. Ameriprise Financial Inc. purchased a new stake in shares of Golub Capital BDC in the 1st quarter worth about $442,000. Parametric Portfolio Associates LLC boosted its stake in shares of Golub Capital BDC by 1.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 47,960 shares of the investment management company’s stock valued at $953,000 after purchasing an additional 553 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Golub Capital BDC by 12.2% during the 1st quarter. Legal & General Group Plc now owns 132,213 shares of the investment management company’s stock valued at $2,627,000 after purchasing an additional 14,348 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Golub Capital BDC by 50.4% during the 1st quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Golub Capital BDC by 104.4% during the 1st quarter. Mackenzie Financial Corp now owns 68,707 shares of the investment management company’s stock valued at $1,366,000 after purchasing an additional 35,099 shares in the last quarter. Institutional investors and hedge funds own 41.58% of the company’s stock.

Several brokerages recently issued reports on GBDC. National Securities reiterated a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 9th. BidaskClub lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.50 price objective on shares of Golub Capital BDC in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.75.

Shares of Golub Capital BDC, Inc. (NASDAQ GBDC) opened at 18.77 on Wednesday. Golub Capital BDC, Inc. has a 52 week low of $17.34 and a 52 week high of $20.50. The company has a 50-day moving average price of $18.71 and a 200 day moving average price of $19.46.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 7th. The investment management company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $35.40 million during the quarter, compared to analyst estimates of $35.11 million. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. Golub Capital BDC’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities analysts predict that Golub Capital BDC, Inc. will post $1.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 6th were issued a $0.32 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.82%. Golub Capital BDC’s dividend payout ratio is presently 96.24%.

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In related news, Director William M. Iv Webster purchased 5,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were acquired at an average cost of $18.46 per share, for a total transaction of $92,300.00. Following the acquisition, the director now owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

Golub Capital BDC Profile

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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