Verition Fund Management LLC Invests $160,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)


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Verition Fund Management LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,308 shares of the investment management company’s stock, valued at approximately $160,000.

Several other hedge funds also recently modified their holdings of the company. Morgan Stanley lifted its position in shares of Golub Capital BDC by 29.4% during the fourth quarter. Morgan Stanley now owns 610,917 shares of the investment management company’s stock worth $8,638,000 after purchasing an additional 138,682 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Golub Capital BDC during the fourth quarter worth about $584,000. Tudor Investment Corp Et Al bought a new position in shares of Golub Capital BDC during the fourth quarter worth about $571,000. Ares Management LLC lifted its holdings in Golub Capital BDC by 1.2% in the fourth quarter. Ares Management LLC now owns 812,523 shares of the investment management company’s stock worth $11,489,000 after acquiring an additional 9,924 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in Golub Capital BDC in the fourth quarter worth about $99,000. 36.89% of the stock is currently owned by institutional investors and hedge funds.

GBDC opened at $15.24 on Thursday. The business’s 50 day moving average is $14.87 and its 200-day moving average is $14.14. The stock has a market cap of $2.55 billion, a PE ratio of 108.86 and a beta of 0.69. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 0.84. Golub Capital BDC, Inc. has a twelve month low of $9.57 and a twelve month high of $15.43.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Sunday, February 7th. The investment management company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.28. The company had revenue of $74.05 million for the quarter, compared to analysts’ expectations of $77.23 million. Golub Capital BDC had a return on equity of 7.95% and a net margin of 18.35%. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 30th. Stockholders of record on Friday, March 5th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.61%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 95.08%.

A number of equities analysts have issued reports on GBDC shares. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday. TheStreet cut shares of Golub Capital BDC from a “b” rating to a “c+” rating in a report on Thursday, March 18th.

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 19th. The shares were bought at an average price of $14.84 per share, with a total value of $29,680.00. Following the completion of the acquisition, the chairman now owns 125,389 shares in the company, valued at approximately $1,860,772.76. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have bought 20,914 shares of company stock worth $310,344. Corporate insiders own 6.90% of the company’s stock.

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

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