Abundance Wealth Counselors Sells 122,813 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Abundance Wealth Counselors decreased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 68.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,685 shares of the investment management company’s stock after selling 122,813 shares during the period. Abundance Wealth Counselors’ holdings in Golub Capital BDC were worth $844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GBDC. Van ECK Associates Corp lifted its stake in shares of Golub Capital BDC by 13.5% in the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after buying an additional 475,196 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Golub Capital BDC by 6.0% during the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after purchasing an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc increased its position in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after purchasing an additional 544,126 shares during the period. Partners Group Holding AG increased its position in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after purchasing an additional 724,662 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.6 %

Shares of GBDC stock opened at $15.73 on Friday. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $4.16 billion, a P/E ratio of 11.16 and a beta of 0.53. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The firm has a 50-day moving average price of $15.29 and a 200 day moving average price of $15.16.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were given a dividend of $0.39 per share. The ex-dividend date was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 9.92%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

Analyst Ratings Changes

Several brokerages have issued reports on GBDC. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company dropped 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 research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus target price of $16.38.

Golub Capital BDC 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.