Cerity Partners LLC Cuts Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cerity Partners LLC lessened its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,638,063 shares of the investment management company's stock after selling 89,480 shares during the period. Cerity Partners LLC owned approximately 0.96% of Golub Capital BDC worth $24,751,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Nicholas Hoffman & Company LLC. boosted its holdings in shares of Golub Capital BDC by 1.8% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company's stock worth $582,000 after purchasing an additional 664 shares during the period. Neville Rodie & Shaw Inc. increased its position in Golub Capital BDC by 1.3% during the third quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company's stock valued at $824,000 after acquiring an additional 715 shares during the last quarter. Moors & Cabot Inc. increased its position in Golub Capital BDC by 2.3% during 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. Silvercrest Asset Management Group LLC raised its stake in shares of Golub Capital BDC by 3.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company's stock valued at $550,000 after acquiring an additional 970 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in shares of Golub Capital BDC by 2.8% in the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company's stock worth $582,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.5 %

GBDC traded up $0.08 during trading on Monday, hitting $15.38. 1,481,198 shares of the stock were exchanged, compared to its average volume of 1,170,780. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a 50 day simple moving average of $15.20 and a 200 day simple moving average of $15.41. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 10.91 and a beta of 0.54. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year 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 given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date is Monday, December 9th. Golub Capital BDC's dividend payout ratio (DPR) is 110.64%.

Insider Activity

In related news, Chairman Lawrence E. Golub bought 20,000 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were bought at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the purchase, the chairman now directly owns 1,898,880 shares of the company's stock, valued at approximately $28,559,155.20. This trade represents a 1.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 60,000 shares of company stock worth $897,200. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company decreased their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday. StockNews.com downgraded Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Oppenheimer reiterated an "outperform" rating and set a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $16.40.

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.