Fox Run Management L.L.C. Invests $301,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Fox Run Management L.L.C. bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,836 shares of the investment management company’s stock, valued at approximately $301,000.

Several other institutional investors also recently added to or reduced their stakes in GBDC. Atria Investments Inc grew its position in shares of Golub Capital BDC by 912.0% during the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after acquiring an additional 886,123 shares during the last quarter. Sage Mountain Advisors LLC increased its stake in Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after purchasing an additional 701,594 shares during the period. Northeast Financial Consultants Inc raised its holdings in shares of Golub Capital BDC by 25.9% in the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after buying an additional 544,126 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after buying an additional 533,895 shares during the last quarter. Finally, Hilton Capital Management LLC purchased a new position in shares of Golub Capital BDC during the fourth quarter worth about $5,584,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.37 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average is $15.40 and its two-hundred day moving average is $15.26. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The firm has a market capitalization of $4.08 billion, a PE ratio of 11.14 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.15%. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.17.

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.