First Eagle Investment Management LLC maintained its position in shares of Golub Capital BDC Inc. (NASDAQ:GBDC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,700 shares of the investment management company’s stock at the end of the third quarter. First Eagle Investment Management LLC’s holdings in Golub Capital BDC were worth $6,383,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Golub Capital BDC by 26.3% in the first quarter. Legal & General Group Plc now owns 99,432 shares of the investment management company’s stock worth $1,720,000 after buying an additional 20,696 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of Golub Capital BDC by 1.3% in the first quarter. First Republic Investment Management Inc. now owns 148,901 shares of the investment management company’s stock worth $2,578,000 after buying an additional 1,859 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of Golub Capital BDC by 2.4% in the second quarter. Confluence Investment Management LLC now owns 780,385 shares of the investment management company’s stock worth $14,102,000 after buying an additional 18,047 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Golub Capital BDC by 15,497.6% in the second quarter. Bank of New York Mellon Corp now owns 3,320,109 shares of the investment management company’s stock worth $59,994,000 after buying an additional 3,298,823 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Golub Capital BDC by 8.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 496,310 shares of the investment management company’s stock worth $8,968,000 after buying an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 42.82% of the company’s stock.

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

Shares of Golub Capital BDC Inc. (NASDAQ:GBDC) remained flat at $18.40 during midday trading on Wednesday. 152,978 shares of the company’s stock traded hands. The company has a 50 day moving average price of $18.18 and a 200-day moving average price of $18.23. Golub Capital BDC Inc. has a 1-year low of $14.80 and a 1-year high of $19.76.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, November 16th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a return on equity of 7.80% and a net margin of 54.12%. The firm earned $34.50 million during the quarter, compared to the consensus estimate of $32.71 million. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that Golub Capital BDC Inc. will post $1.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Monday, December 12th will be given a $0.32 dividend. The ex-dividend date is Thursday, December 8th. This represents a $1.28 annualized dividend and a yield of 6.96%. Golub Capital BDC’s payout ratio is 96.24%.

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GBDC has been the subject of several recent analyst reports. Zacks Investment Research cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. TheStreet raised Golub Capital BDC from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. Janney Montgomery Scott initiated coverage on Golub Capital BDC in a research note on Tuesday, September 20th. They issued a “neutral” rating and a $18.00 price target for the company. Finally, National Securities initiated coverage on Golub Capital BDC in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.88.

About Golub Capital BDC

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

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