Golub Capital BDC, Inc. $GBDC Stock Holdings Increased by Muzinich & Co. Inc.

Muzinich & Co. Inc. grew its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,959,272 shares of the investment management company’s stock after acquiring an additional 333,636 shares during the quarter. Golub Capital BDC comprises approximately 8.4% of Muzinich & Co. Inc.’s portfolio, making the stock its 4th biggest holding. Muzinich & Co. Inc. owned approximately 0.74% of Golub Capital BDC worth $26,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Strs Ohio lifted its position in shares of Golub Capital BDC by 2.9% in the third quarter. Strs Ohio now owns 16,237,782 shares of the investment management company’s stock valued at $222,295,000 after acquiring an additional 450,126 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 9.0% in the third quarter. Van ECK Associates Corp now owns 4,843,816 shares of the investment management company’s stock valued at $66,312,000 after acquiring an additional 401,723 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Golub Capital BDC by 5.7% in the third quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock valued at $52,430,000 after acquiring an additional 207,998 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Golub Capital BDC by 6.6% in the fourth quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock valued at $49,791,000 after acquiring an additional 224,142 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its position in shares of Golub Capital BDC by 4.7% in the third quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after acquiring an additional 118,034 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GBDC. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Capital One Financial set a $15.00 price target on Golub Capital BDC in a research note on Thursday, January 15th. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, Keefe, Bruyette & Woods decreased their price target on 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Stock Up 0.2%

Shares of NASDAQ:GBDC opened at $12.83 on Wednesday. The stock’s 50-day moving average price is $12.51 and its two-hundred day moving average price is $13.35. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 10.26 and a beta of 0.40.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $208.89 million. During the same period last year, the company earned $0.42 EPS. On average, research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 10.3%. Golub Capital BDC’s dividend payout ratio is currently 105.60%.

Golub Capital BDC Profile

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.