Meridian Investment Counsel Inc. Has $870,000 Stock Holdings in Golub Capital BDC, Inc. $GBDC

Meridian Investment Counsel Inc. boosted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 530.3% during the 4th quarter, HoldingsChannel reports. The fund owned 64,135 shares of the investment management company’s stock after buying an additional 53,960 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Golub Capital BDC were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GBDC. Royal Bank of Canada lifted its position in shares of Golub Capital BDC by 41.4% in the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after acquiring an additional 38,534 shares during the period. NewEdge Advisors LLC increased its position in shares of Golub Capital BDC by 19.7% during the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 7,178 shares during the period. Empowered Funds LLC raised its stake in shares of Golub Capital BDC by 140.0% in the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after purchasing an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Golub Capital BDC in the first quarter valued at $6,491,000. Finally, Focus Partners Wealth lifted its position in Golub Capital BDC by 24.9% in the first quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after purchasing an additional 6,658 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research note on Thursday, January 15th. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. Finally, Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $14.38.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $12.70 on Friday. The business has a 50 day simple moving average of $12.54 and a 200 day simple moving average of $13.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market capitalization of $3.34 billion, a PE ratio of 10.16 and a beta of 0.40. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The firm had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. During the same period in the prior year, the business posted $0.42 earnings per share. On average, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 10.4%. Golub Capital BDC’s dividend payout ratio is presently 105.60%.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.