10,307 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,307 shares of the investment management company’s stock, valued at approximately $156,000.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Golub Capital BDC by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 3,050,400 shares of the investment management company’s stock valued at $41,363,000 after buying an additional 92,007 shares during the last quarter. Ares Management LLC increased its position in Golub Capital BDC by 23.3% in the 1st quarter. Ares Management LLC now owns 2,628,419 shares of the investment management company’s stock valued at $39,978,000 after acquiring an additional 497,391 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Golub Capital BDC by 3.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,545,571 shares of the investment management company’s stock worth $38,438,000 after acquiring an additional 77,128 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 5.3% during the third quarter. Van ECK Associates Corp now owns 2,275,245 shares of the investment management company’s stock worth $33,378,000 after purchasing an additional 113,617 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Golub Capital BDC by 304.4% during the fourth quarter. Millennium Management LLC now owns 2,083,931 shares of the investment management company’s stock valued at $27,425,000 after purchasing an additional 1,568,572 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GBDC shares. Wells Fargo & Company upped their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Bank of America upgraded Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, March 25th. Raymond James boosted their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. Finally, StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Trading Up 0.4 %

NASDAQ GBDC opened at $16.63 on Thursday. Golub Capital BDC, Inc. has a 12 month low of $12.77 and a 12 month high of $16.83. The stock has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $15.30. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $2.84 billion, a PE ratio of 9.14 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The firm had revenue of $164.77 million for the quarter, compared to the consensus estimate of $160.93 million. Research analysts forecast that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. Golub Capital BDC’s payout ratio is currently 85.71%.

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.