New England Asset Management Inc. continued to hold its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the first quarter, Holdings Channel reports. The firm owned 232,876 shares of the investment management company’s stock at the end of the first quarter. Golub Capital BDC comprises about 0.1% of New England Asset Management Inc.’s portfolio, making the stock its 28th largest position. New England Asset Management Inc.’s holdings in Golub Capital BDC were worth $4,630,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GBDC. Global X Management Co. LLC boosted its stake in Golub Capital BDC by 50.4% in the first quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock valued at $134,000 after buying an additional 2,254 shares in the last quarter. Massey Quick & Co. LLC boosted its stake in Golub Capital BDC by 2.5% in the first quarter. Massey Quick & Co. LLC now owns 15,275 shares of the investment management company’s stock valued at $304,000 after buying an additional 375 shares during the period. Sigma Planning Corp bought a new stake in Golub Capital BDC during the first quarter valued at $327,000. Northeast Financial Consultants Inc boosted its stake in Golub Capital BDC by 27.6% in the first quarter. Northeast Financial Consultants Inc now owns 17,090 shares of the investment management company’s stock valued at $340,000 after buying an additional 3,700 shares during the period. Finally, Pekin Singer Strauss Asset Management IL boosted its stake in Golub Capital BDC by 5.2% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 21,708 shares of the investment management company’s stock valued at $399,000 after buying an additional 1,073 shares during the period. Institutional investors and hedge funds own 45.93% of the company’s stock.

Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

Shares of Golub Capital BDC, Inc. (GBDC) traded up 0.16% during midday trading on Friday, reaching $19.30. 272,668 shares of the company’s stock were exchanged. Golub Capital BDC, Inc. has a 12-month low of $17.15 and a 12-month high of $20.50. The stock’s 50 day moving average is $20.07 and its 200-day moving average is $19.26. The stock has a market cap of $1.11 billion, a PE ratio of 14.04 and a beta of 0.68.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Thursday, May 4th. The investment management company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 55.30% and a return on equity of 7.67%. The firm had revenue of $33.56 million for the quarter, compared to analysts’ expectations of $35.66 million. During the same period in the prior year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts expect that Golub Capital BDC, Inc. will post $1.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Tuesday, June 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.63%. The ex-dividend date is Friday, June 2nd. Golub Capital BDC’s payout ratio is 93.43%.

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GBDC has been the topic of several research reports. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, April 12th. National Securities reiterated a “neutral” rating and issued a $19.00 target price (up previously from $10.00) on shares of Golub Capital BDC in a research report on Thursday, May 11th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Golub Capital BDC in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 target price on shares of Golub Capital BDC in a research report on Tuesday, March 21st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Golub Capital BDC currently has a consensus rating of “Hold” and an average price target of $19.50.

About Golub Capital BDC

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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