Golub Capital BDC, Inc. $GBDC Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 32.7% in the first quarter, Holdings Channel reports. The institutional investor owned 251,300 shares of the investment management company’s stock after selling 121,940 shares during the period. Shikiar Asset Management Inc.’s holdings in Golub Capital BDC were worth $3,181,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Keel Point LLC boosted its stake in shares of Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after acquiring an additional 1,039 shares in the last quarter. Ironsides Asset Advisors LLC increased its stake in shares of Golub Capital BDC by 7.6% in the 4th quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 1,113 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Golub Capital BDC by 1.3% in the 4th quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company’s stock valued at $1,443,000 after purchasing an additional 1,361 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Golub Capital BDC by 3.8% in the 3rd quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock worth $585,000 after purchasing an additional 1,557 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Golub Capital BDC by 15.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 12,017 shares of the investment management company’s stock worth $163,000 after purchasing an additional 1,628 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.8%

Shares of Golub Capital BDC stock opened at $12.88 on Wednesday. The firm has a market capitalization of $3.36 billion, a PE ratio of 16.73 and a beta of 0.39. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.63. The firm’s 50-day moving average price is $13.01 and its 200 day moving average price is $12.99. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The firm had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was 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 currently 171.43%.

Analyst Ratings Changes

A number of equities analysts have issued reports on GBDC shares. Zacks Research downgraded Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Royal Bank Of Canada decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.