Navellier & Associates Inc. Has $282,000 Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Navellier & Associates Inc. cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 23.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,634 shares of the investment management company’s stock after selling 5,847 shares during the period. Navellier & Associates Inc.’s holdings in Golub Capital BDC were worth $282,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. boosted its position in Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock worth $582,000 after buying an additional 664 shares during the period. Neville Rodie & Shaw Inc. raised its holdings in Golub Capital BDC by 1.3% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock worth $824,000 after purchasing an additional 715 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after purchasing an additional 875 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Golub Capital BDC by 3.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after purchasing an additional 970 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in Golub Capital BDC by 2.8% during the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock worth $582,000 after purchasing an additional 1,000 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average price of $15.04 per share, with a total value of $300,800.00. Following the transaction, the chairman now owns 1,898,880 shares in the company, valued at $28,559,155.20. This trade represents a 1.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 80,000 shares of company stock worth $1,197,400 in the last quarter. 2.70% of the stock is owned by corporate insiders.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $15.30 on Friday. The company has a fifty day moving average of $15.19 and a 200-day moving average of $15.44. The firm has a market capitalization of $2.62 billion, a P/E ratio of 10.85 and a beta of 0.54. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.20%. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. Oppenheimer restated an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.40.

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.