Adams Asset Advisors LLC Purchases 18,172 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Adams Asset Advisors LLC lifted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 29.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 80,190 shares of the investment management company’s stock after acquiring an additional 18,172 shares during the quarter. Adams Asset Advisors LLC’s holdings in Golub Capital BDC were worth $1,216,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc grew its position in shares of Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after purchasing an additional 1,268,442 shares in the last quarter. Millennium Management LLC grew its holdings in Golub Capital BDC by 1,170.6% during the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after buying an additional 724,662 shares in the last quarter. Partners Group Holding AG increased its position in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Golub Capital BDC in the second quarter worth about $9,426,000. Finally, LGT Capital Partners LTD. purchased a new stake in shares of Golub Capital BDC in the third quarter worth about $8,721,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

NASDAQ:GBDC traded down $0.01 during midday trading on Monday, hitting $14.89. The company had a trading volume of 977,513 shares, compared to its average volume of 1,136,177. The company has a market capitalization of $3.94 billion, a PE ratio of 10.56 and a beta of 0.53. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The stock’s fifty day moving average price is $15.25 and its 200-day moving average price is $15.19.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.48%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company decreased 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, November 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, 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.