Corient Private Wealth LLC Decreases Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Corient Private Wealth LLC decreased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,859,368 shares of the investment management company's stock after selling 534,486 shares during the period. Corient Private Wealth LLC owned 1.83% of Golub Capital BDC worth $73,336,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after purchasing an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after acquiring an additional 827 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $160,000. Oppenheimer & Co. Inc. bought a new position in shares of Golub Capital BDC in the third quarter valued at approximately $162,000. Finally, Empowered Funds LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $173,000. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded up $0.07 during mid-day trading on Thursday, hitting $15.09. 976,853 shares of the company traded hands, compared to its average volume of 1,296,374. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 10.93 and a beta of 0.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The stock has a fifty day moving average price of $15.39 and a 200-day moving average price of $15.25.

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Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.34%. Golub Capital BDC's payout ratio is 113.04%.

Analyst Ratings Changes

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

Golub Capital BDC 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.