Golub Capital BDC, Inc. (NASDAQ:GBDC) Stake Reduced by New World Advisors LLC

New World Advisors LLC cut its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,953 shares of the investment management company’s stock after selling 5,454 shares during the quarter. New World Advisors LLC’s holdings in Golub Capital BDC were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Creative Planning increased its stake in Golub Capital BDC by 1,156.5% in the 3rd quarter. Creative Planning now owns 182,095 shares of the investment management company’s stock worth $2,751,000 after purchasing an additional 167,603 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Golub Capital BDC by 22.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 15,646 shares of the investment management company’s stock worth $236,000 after purchasing an additional 2,841 shares in the last quarter. International Assets Investment Management LLC increased its stake in Golub Capital BDC by 2,083.7% in the 3rd quarter. International Assets Investment Management LLC now owns 167,993 shares of the investment management company’s stock worth $25,380,000 after purchasing an additional 160,300 shares in the last quarter. Allworth Financial LP increased its stake in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its stake in Golub Capital BDC by 1.8% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock worth $582,000 after purchasing an additional 664 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Trading Down 0.4 %

Shares of NASDAQ GBDC opened at $15.84 on Monday. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 11.47 and a beta of 0.54. The business has a 50 day simple moving average of $15.40 and a 200 day simple moving average of $15.21. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94.

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

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 annualized dividend and a yield of 9.85%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 113.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Company 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.