Denali Advisors LLC Sells 12,379 Shares of Golub Capital BDC, Inc. $GBDC

Denali Advisors LLC lowered its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 542,148 shares of the investment management company’s stock after selling 12,379 shares during the period. Golub Capital BDC accounts for about 0.8% of Denali Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Denali Advisors LLC’s holdings in Golub Capital BDC were worth $7,942,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strs Ohio bought a new position in Golub Capital BDC during the 1st quarter valued at approximately $232,864,000. Allen Investment Management LLC increased its holdings in shares of Golub Capital BDC by 11.9% in the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock worth $62,615,000 after purchasing an additional 441,050 shares in the last quarter. Northeast Financial Consultants Inc increased its holdings in shares of Golub Capital BDC by 60.4% in the 1st quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company’s stock worth $62,377,000 after purchasing an additional 1,552,223 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Golub Capital BDC by 4.1% in the 2nd quarter. Sound Income Strategies LLC now owns 3,313,649 shares of the investment management company’s stock worth $48,545,000 after purchasing an additional 129,812 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Golub Capital BDC by 9.4% in the 1st quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company’s stock worth $41,575,000 after purchasing an additional 236,613 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Golub Capital BDC in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Golub Capital BDC Trading Up 1.0%

Shares of GBDC stock opened at $14.07 on Wednesday. The stock’s 50-day moving average price is $14.26 and its 200-day moving average price is $14.53. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 9.91 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The company had revenue of $218.34 million for the quarter, compared to analysts’ expectations of $215.47 million. During the same period in the previous year, the firm posted $0.39 earnings per share. Equities research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Monday, September 15th. Golub Capital BDC’s payout ratio is 109.86%.

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.