Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Position Reduced by Cerity Partners LLC

Cerity Partners LLC decreased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,638,063 shares of the investment management company’s stock after selling 89,480 shares during the quarter. Cerity Partners LLC’s holdings in Golub Capital BDC were worth $24,751,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GBDC. M Holdings Securities Inc. lifted its holdings in shares of Golub Capital BDC by 12.8% during the 3rd quarter. M Holdings Securities Inc. now owns 337,175 shares of the investment management company’s stock valued at $5,095,000 after buying an additional 38,213 shares during the last quarter. Citigroup Inc. raised its position in Golub Capital BDC by 1.7% during the third quarter. Citigroup Inc. now owns 342,728 shares of the investment management company’s stock valued at $5,179,000 after acquiring an additional 5,612 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Golub Capital BDC by 2.3% in the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 875 shares during the last quarter. Advisors Asset Management Inc. grew its position in Golub Capital BDC by 9.5% in the third quarter. Advisors Asset Management Inc. now owns 164,591 shares of the investment management company’s stock worth $2,487,000 after acquiring an additional 14,214 shares in the last quarter. Finally, LGT Capital Partners LTD. acquired a new position in shares of Golub Capital BDC during the 3rd quarter worth $8,721,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday. Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Wells Fargo & Company reduced their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.40.

Insiders Place Their Bets

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $15.04 per share, with a total value of $300,800.00. Following the completion of the transaction, the chairman now owns 1,898,880 shares of the company’s stock, valued at $28,559,155.20. The trade was a 1.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 60,000 shares of company stock valued at $897,200 in the last three months. Company insiders own 2.70% of the company’s stock.

Golub Capital BDC Stock Up 1.0 %

GBDC stock opened at $15.30 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 5.01. The company has a 50-day moving average of $15.20 and a two-hundred day moving average of $15.41. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.85 and a beta of 0.54. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 110.64%.

Golub Capital BDC 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.