Granite FO LLC Sells 56,775 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Granite FO LLC cut its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 534,030 shares of the investment management company’s stock after selling 56,775 shares during the period. Golub Capital BDC makes up approximately 4.6% of Granite FO LLC’s holdings, making the stock its 6th largest holding. Granite FO LLC owned about 0.20% of Golub Capital BDC worth $8,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after acquiring an additional 533,895 shares in the last quarter. Sound Income Strategies LLC increased its holdings in 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 during the last quarter. Northeast Financial Consultants Inc increased its holdings in Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after purchasing an additional 544,126 shares during the last quarter. Partners Group Holding AG increased its holdings in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after purchasing an additional 648,855 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in Golub Capital BDC by 912.0% during the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after purchasing an additional 886,123 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on GBDC. Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.38.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.06 on Thursday. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 10.91 and a beta of 0.54. The business has a 50 day simple moving average of $15.47 and a 200-day simple moving average of $15.26.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.36%. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

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.