GSA Capital Partners LLP decreased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) by 51.1% in the 4th quarter, HoldingsChannel reports. The firm owned 77,297 shares of the investment management company’s stock after selling 80,679 shares during the quarter. GSA Capital Partners LLP’s holdings in Golub Capital BDC were worth $1,049,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of GBDC. HighTower Advisors LLC raised its position in Golub Capital BDC by 279.4% in the 3rd quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock valued at $34,626,000 after purchasing an additional 1,862,632 shares during the last quarter. UBS Group AG raised its position in Golub Capital BDC by 29.4% in the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock valued at $38,875,000 after purchasing an additional 651,110 shares during the last quarter. Strs Ohio increased its stake in shares of Golub Capital BDC by 2.9% in the 4th quarter. Strs Ohio now owns 16,704,760 shares of the investment management company’s stock valued at $226,684,000 after buying an additional 466,978 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Golub Capital BDC in the 1st quarter valued at $6,491,000. Finally, Raymond James Financial Inc. increased its stake in shares of Golub Capital BDC by 107.1% in the 3rd quarter. Raymond James Financial Inc. now owns 789,968 shares of the investment management company’s stock valued at $10,815,000 after buying an additional 408,510 shares during the period. Institutional investors own 42.38% of the company’s stock.
Golub Capital BDC Stock Down 0.6%
Shares of Golub Capital BDC stock opened at $12.97 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 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 business has a fifty day simple moving average of $12.88 and a 200 day simple moving average of $13.21. The stock has a market cap of $3.38 billion, a PE ratio of 16.84 and a beta of 0.41.
Golub Capital BDC Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.2%. Golub Capital BDC’s payout ratio is 171.43%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on GBDC shares. Royal Bank Of Canada lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Finally, Oppenheimer reissued an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.
View Our Latest Stock Report on GBDC
Golub Capital BDC Company 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.
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