Kelleher Financial Advisors Acquires 13,048 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Kelleher Financial Advisors boosted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 130.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,052 shares of the investment management company’s stock after acquiring an additional 13,048 shares during the quarter. Kelleher Financial Advisors’ holdings in Golub Capital BDC were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GBDC. Northeast Financial Consultants Inc increased its stake in Golub Capital BDC by 151.8% in the 2nd 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 last quarter. Millennium Management LLC increased its position in shares of Golub Capital BDC by 1,170.6% during 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 during the last quarter. Partners Group Holding AG increased its position in shares of Golub Capital BDC by 48.2% during 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 last quarter. 1832 Asset Management L.P. bought a new position in shares of Golub Capital BDC during the 2nd quarter valued at about $9,426,000. Finally, LGT Capital Partners LTD. bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at about $8,721,000. 42.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on GBDC. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Trading Down 0.5 %

Shares of GBDC stock opened at $15.42 on Thursday. The stock has a market capitalization of $4.08 billion, a PE ratio of 10.94 and a beta of 0.53. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The business has a 50-day moving average of $15.26 and a 200 day moving average of $15.17. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.12%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is presently 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.