Tidal Investments LLC Boosts Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Tidal Investments LLC lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,160 shares of the investment management company’s stock after purchasing an additional 2,991 shares during the period. Tidal Investments LLC’s holdings in Golub Capital BDC were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc raised 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 worth $33,057,000 after acquiring an additional 1,268,442 shares during the period. Millennium Management LLC increased its stake in shares of Golub Capital BDC by 1,170.6% in the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after purchasing an additional 724,662 shares in the last quarter. Partners Group Holding AG raised its holdings in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after purchasing an additional 648,855 shares during the period. Van ECK Associates Corp increased its position in shares of Golub Capital BDC by 22.3% in the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after buying an additional 640,866 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Golub Capital BDC in the second quarter valued at approximately $9,426,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GBDC has been the topic of a number of research analyst reports. Wells Fargo & Company dropped 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 research note on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Stock Up 1.4 %

NASDAQ GBDC opened at $14.89 on Friday. The business has a fifty day moving average price of $15.31 and a 200 day moving average price of $15.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market cap of $3.94 billion, a P/E ratio of 10.56 and a beta of 0.54. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72.

Golub Capital BDC Announces Dividend

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

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.