Golub Capital BDC, Inc. (NASDAQ:GBDC) is Tranquility Partners LLC’s 5th Largest Position

Tranquility Partners LLC decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 32.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,325 shares of the investment management company’s stock after selling 159,488 shares during the period. Golub Capital BDC accounts for approximately 2.1% of Tranquility Partners LLC’s investment portfolio, making the stock its 5th largest position. Tranquility Partners LLC owned 0.20% of Golub Capital BDC worth $5,124,000 at the end of the most recent quarter.

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

Golub Capital BDC Stock Up 0.4 %

Shares of Golub Capital BDC stock traded up $0.06 during trading on Wednesday, hitting $16.63. 591,484 shares of the stock were exchanged, compared to its average volume of 866,742. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 9.14 and a beta of 0.57. The firm’s 50-day moving average price is $16.05 and its 200 day moving average price is $15.30. Golub Capital BDC, Inc. has a 12-month low of $12.77 and a 12-month high of $16.83. 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 (NASDAQ:GBDC) last released its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 earnings per share (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 firm had revenue of $164.77 million for the quarter, compared to analysts’ expectations of $160.93 million. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

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

Analysts Set New Price Targets

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

Golub Capital BDC Company 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.