200,681 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 200,681 shares of the investment management company’s stock, valued at approximately $3,042,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GBDC. Van ECK Associates Corp grew its position in shares of Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after buying an additional 533,895 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after acquiring an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc increased its position in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after purchasing an additional 544,126 shares in the last quarter. Sage Mountain Advisors LLC increased its position in shares of Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock worth $38,043,000 after purchasing an additional 701,594 shares in the last quarter. Finally, Partners Group Holding AG boosted its position in shares of 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 valued at $30,139,000 after purchasing an additional 648,855 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 2.0 %

Golub Capital BDC stock opened at $14.96 on Tuesday. The stock has a 50 day moving average of $15.39 and a two-hundred day moving average of $15.25. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 10.84 and a beta of 0.50. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

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

Golub Capital BDC Dividend Announcement

The company also recently announced 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. This represents a $1.56 annualized dividend and a dividend yield of 10.43%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is 113.04%.

Analyst Upgrades and Downgrades

Several research analysts have commented on GBDC shares. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Monday, March 10th. Wells Fargo & Company cut their target price 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $16.38.

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.