Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Next Capital Management LLC

Next Capital Management LLC lessened its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 583,876 shares of the investment management company’s stock after selling 188,034 shares during the quarter. Golub Capital BDC comprises about 3.6% of Next Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Next Capital Management LLC owned 0.22% of Golub Capital BDC worth $8,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. GSA Capital Partners LLP boosted its stake in Golub Capital BDC by 9.6% during the 3rd quarter. GSA Capital Partners LLP now owns 19,217 shares of the investment management company’s stock valued at $290,000 after purchasing an additional 1,685 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Golub Capital BDC in the third quarter valued at $162,000. Tranquility Partners LLC boosted its stake in Golub Capital BDC by 1.1% during the third quarter. Tranquility Partners LLC now owns 350,688 shares of the investment management company’s stock valued at $5,299,000 after buying an additional 3,848 shares in the last quarter. LGT Capital Partners LTD. acquired a new position in Golub Capital BDC during the third quarter worth about $8,721,000. Finally, Advisors Asset Management Inc. raised 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. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

GBDC has been the subject of several research reports. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

Golub Capital BDC Trading Up 0.3 %

NASDAQ:GBDC opened at $15.01 on Wednesday. The stock has a fifty day simple moving average of $15.39 and a 200 day simple moving average of $15.25. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.88 and a beta of 0.50. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

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

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is currently 113.04%.

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.