Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Update

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 2,690,000 shares, an increase of 14.0% from the November 30th total of 2,360,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 2.1 days.

Golub Capital BDC Trading Up 0.3 %

NASDAQ GBDC traded up $0.04 during mid-day trading on Wednesday, reaching $15.16. 1,162,759 shares of the stock were exchanged, compared to its average volume of 1,186,567. The stock has a market capitalization of $4.01 billion, a PE ratio of 10.75 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC has a 1-year low of $14.05 and a 1-year high of $17.72. The business’s fifty day simple moving average is $15.29 and its 200 day simple moving average is $15.22.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.29%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

Analyst Upgrades and Downgrades

GBDC has been the subject of several research reports. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company cut their target price 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates increased its stake in shares of Golub Capital BDC by 5.5% during the 2nd quarter. Raymond James & Associates now owns 116,963 shares of the investment management company’s stock valued at $1,837,000 after acquiring an additional 6,104 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Golub Capital BDC during the second quarter worth approximately $121,000. Legacy Advisors LLC acquired a new position in Golub Capital BDC in the second quarter valued at $222,000. IFG Advisory LLC purchased a new position in shares of Golub Capital BDC in the 2nd quarter worth about $159,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Golub Capital BDC by 36.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 114,438 shares of the investment management company’s stock valued at $1,798,000 after purchasing an additional 30,401 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

About Golub Capital BDC

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.