Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Grows By 26.4%

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 3,400,000 shares, a growth of 26.4% from the December 15th total of 2,690,000 shares. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is presently 2.8 days.

Institutional Investors Weigh In On Golub Capital BDC

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in shares of Golub Capital BDC by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 110,469 shares of the investment management company’s stock valued at $1,735,000 after acquiring an additional 2,865 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Golub Capital BDC by 15.2% in the second quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company’s stock valued at $4,102,000 after purchasing an additional 34,439 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC during the second quarter valued at about $71,000. Waterloo Capital L.P. grew its holdings in shares of Golub Capital BDC by 11.6% during the second quarter. Waterloo Capital L.P. now owns 158,911 shares of the investment management company’s stock worth $2,496,000 after purchasing an additional 16,581 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Golub Capital BDC in the second quarter valued at approximately $575,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on GBDC shares. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company reduced their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Price Performance

Shares of GBDC stock traded up $0.07 on Friday, hitting $15.40. 987,569 shares of the company’s stock were exchanged, compared to its average volume of 1,096,528. The company has a 50 day moving average of $15.25 and a 200 day moving average of $15.18. The stock has a market cap of $4.07 billion, a P/E ratio of 10.92 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were issued a $0.39 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.13%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 110.64%.

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.