Partners Group Holding AG Acquires 648,855 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Partners Group Holding AG boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 48.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,994,663 shares of the investment management company’s stock after buying an additional 648,855 shares during the quarter. Golub Capital BDC makes up approximately 2.0% of Partners Group Holding AG’s portfolio, making the stock its 23rd biggest position. Partners Group Holding AG owned 1.16% of Golub Capital BDC worth $30,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its stake in shares of Golub Capital BDC by 6.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 161,639 shares of the investment management company’s stock valued at $2,692,000 after purchasing an additional 9,145 shares during the period. Quadrature Capital Ltd grew its stake in shares of Golub Capital BDC by 83.9% in the 1st quarter. Quadrature Capital Ltd now owns 44,483 shares of the investment management company’s stock worth $740,000 after acquiring an additional 20,295 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in Golub Capital BDC by 3.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after purchasing an additional 970 shares in the last quarter. Tidal Investments LLC increased its position in shares of Golub Capital BDC by 7.3% during the first quarter. Tidal Investments LLC now owns 65,932 shares of the investment management company’s stock valued at $1,096,000 after acquiring an additional 4,471 shares during the last quarter. Finally, EMC Capital Management purchased a new stake in shares of Golub Capital BDC during the 1st quarter valued at $285,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GBDC. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.40.

Insider Buying and Selling at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were acquired at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the transaction, the chairman now directly owns 1,898,880 shares of the company’s stock, valued at approximately $28,559,155.20. This trade represents a 1.06 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders purchased a total of 60,000 shares of company stock worth $897,200 over the last three months. 2.70% of the stock is owned by insiders.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.38 on Tuesday. The stock’s 50-day simple moving average is $15.20 and its two-hundred day simple moving average is $15.41. 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 $2.64 billion, a P/E ratio of 10.91 and a beta of 0.54. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.14%. 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.