Nicholas Hoffman & Company LLC. Increases Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Nicholas Hoffman & Company LLC. lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 13.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,405 shares of the investment management company’s stock after purchasing an additional 4,782 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Golub Capital BDC were worth $689,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GBDC. Shikiar Asset Management Inc. boosted its holdings in Golub Capital BDC by 19.6% in the 1st quarter. Shikiar Asset Management Inc. now owns 409,380 shares of the investment management company’s stock valued at $6,808,000 after purchasing an additional 67,000 shares during the period. GraniteShares Advisors LLC grew its position in Golub Capital BDC by 14.6% during the first quarter. GraniteShares Advisors LLC now owns 111,171 shares of the investment management company’s stock worth $1,849,000 after buying an additional 14,154 shares in the last quarter. Abundance Wealth Counselors increased its stake in Golub Capital BDC by 15.2% in the 1st quarter. Abundance Wealth Counselors now owns 48,133 shares of the investment management company’s stock worth $800,000 after acquiring an additional 6,350 shares during the last quarter. Albion Financial Group UT boosted its position in shares of Golub Capital BDC by 1.1% during the 1st quarter. Albion Financial Group UT now owns 112,449 shares of the investment management company’s stock valued at $1,870,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Golub Capital BDC by 6.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,308 shares of the investment management company’s stock valued at $10,332,000 after acquiring an additional 38,944 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 1.2 %

NASDAQ:GBDC traded down $0.21 during trading hours on Tuesday, reaching $17.37. The company’s stock had a trading volume of 759,415 shares, compared to its average volume of 863,188. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 9.54 and a beta of 0.57. The firm has a 50-day simple moving average of $16.29 and a 200-day simple moving average of $15.47. Golub Capital BDC, Inc. has a 1 year low of $12.77 and a 1 year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The company had revenue of $164.77 million during the quarter, compared to analysts’ expectations of $160.93 million. Research analysts expect that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 2nd will be given a $0.39 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.56 annualized dividend and a yield of 8.98%. Golub Capital BDC’s payout ratio is currently 85.71%.

Analysts Set New Price Targets

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

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.