Allen Investment Management LLC increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 8.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,912 shares of the investment management company’s stock after buying an additional 1,981 shares during the period. Allen Investment Management LLC’s holdings in Golub Capital BDC were worth $495,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GBDC. Global X Management Co. LLC raised its position in shares of 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. Cambridge Investment Research Advisors Inc. increased its position in Golub Capital BDC by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock worth $218,000 after buying an additional 298 shares during the period. IHT Wealth Management LLC increased its position in Golub Capital BDC by 22.7% in the first quarter. IHT Wealth Management LLC now owns 12,420 shares of the investment management company’s stock worth $246,000 after buying an additional 2,300 shares during the period. Evanson Asset Management LLC purchased a new position in Golub Capital BDC during the second quarter worth $297,000. Finally, Massey Quick & Co. LLC increased its position 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 worth $304,000 after buying an additional 375 shares during the period. 41.62% of the stock is owned by institutional investors.

Shares of Golub Capital BDC, Inc. (GBDC) opened at 18.80 on Thursday. The stock has a 50 day moving average price of $19.34 and a 200 day moving average price of $19.53. Golub Capital BDC, Inc. has a 12-month low of $17.34 and a 12-month high of $20.50.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, August 7th. The investment management company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The business had revenue of $35.40 million for the quarter, compared to the consensus estimate of $35.11 million. During the same period last year, the business posted $0.35 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post $1.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 6.81%. Golub Capital BDC’s dividend payout ratio is 96.24%.

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A number of equities analysts have weighed in on the company. National Securities reaffirmed a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 9th. BidaskClub downgraded Golub Capital BDC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 price target on shares of Golub Capital BDC in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Raymond James Financial, Inc. reaffirmed 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Golub Capital BDC currently has an average rating of “Hold” and a consensus target price of $19.60.

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.

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

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