Mandatum Life Insurance Co Ltd Grows Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Mandatum Life Insurance Co Ltd raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,816 shares of the investment management company’s stock after buying an additional 1,997 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in Golub Capital BDC were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GBDC. Hexagon Capital Partners LLC raised its position in Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,355 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,347 shares during the last quarter. Quarry LP acquired a new stake in shares of Golub Capital BDC during the second quarter worth about $61,000. Cary Street Partners Asset Management LLC purchased a new position in shares of Golub Capital BDC during the third quarter worth about $151,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Golub Capital BDC in the 3rd quarter valued at about $162,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Up 0.5 %

Golub Capital BDC stock opened at $15.40 on Monday. The stock’s 50 day moving average price is $15.25 and its 200 day moving average price is $15.17. The company has a market cap of $4.07 billion, a PE ratio of 10.92 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were issued a $0.39 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.13%. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GBDC shares. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC 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.