Border to Coast Pensions Partnership Ltd Sells 200,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Border to Coast Pensions Partnership Ltd reduced its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 16.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,000,000 shares of the investment management company's stock after selling 200,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned approximately 0.38% of Golub Capital BDC worth $15,150,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. grew its holdings in Golub Capital BDC by 2.7% in 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 buying an additional 2,865 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Golub Capital BDC by 15.2% during the second quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company's stock worth $4,102,000 after acquiring an additional 34,439 shares during the period. Brown Brothers Harriman & Co. bought a new position in Golub Capital BDC during the second quarter worth about $71,000. MQS Management LLC acquired a new stake in Golub Capital BDC in the 2nd quarter worth about $575,000. Finally, ProShare Advisors LLC boosted its holdings in Golub Capital BDC by 9.4% in the 2nd quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company's stock valued at $412,000 after purchasing an additional 2,262 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GBDC shares. StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday, November 29th. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.40.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded up $0.07 during midday trading on Friday, reaching $15.40. The company's stock had a trading volume of 987,569 shares, compared to its average volume of 1,096,528. The stock has a market cap of $4.07 billion, a PE ratio of 10.92 and a beta of 0.53. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The business has a 50-day moving average price of $15.25 and a 200-day moving average price of $15.18.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC's dividend payout ratio is 110.64%.

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.