Navellier & Associates Inc. Has $282,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Navellier & Associates Inc. lowered its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 23.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,634 shares of the investment management company’s stock after selling 5,847 shares during the quarter. Navellier & Associates Inc.’s holdings in Golub Capital BDC were worth $282,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Nicholas Hoffman & Company LLC. boosted its holdings in Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock worth $582,000 after acquiring an additional 664 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in Golub Capital BDC by 1.3% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock worth $824,000 after acquiring an additional 715 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after acquiring an additional 875 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Golub Capital BDC by 3.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after acquiring an additional 970 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in Golub Capital BDC by 2.8% during the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock worth $582,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 1.0 %

Shares of Golub Capital BDC stock opened at $15.30 on Friday. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The stock’s 50-day simple moving average is $15.19 and its 200 day simple moving average is $15.44. The stock has a market capitalization of $2.62 billion, a P/E ratio of 10.85 and a beta of 0.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.20%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

Analyst Ratings Changes

A number of research firms have issued reports on GBDC. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.40.

Insider Activity

In related news, CEO David Golub acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chief executive officer now owns 1,958,880 shares in the company, valued at approximately $29,206,900.80. This trade represents a 1.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 80,000 shares of company stock worth $1,197,400 over the last ninety days. Company insiders own 2.70% of the company’s stock.

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.