Greenland Capital Management LP Has $1.17 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Greenland Capital Management LP cut its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 52.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,000 shares of the investment management company's stock after selling 84,100 shares during the quarter. Greenland Capital Management LP's holdings in Golub Capital BDC were worth $1,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in 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 valued at $36,000 after acquiring an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after purchasing an additional 827 shares during the last quarter. Hurley Capital LLC acquired a new stake in Golub Capital BDC in the 4th quarter valued at about $50,000. Cornerstone Wealth Management LLC bought a new position in Golub Capital BDC during the fourth quarter worth about $160,000. Finally, Empowered Funds LLC acquired a new position in Golub Capital BDC during the fourth quarter worth approximately $173,000. 42.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GBDC has been the subject of a number of recent analyst reports. StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods cut their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Golub Capital BDC has a consensus rating of "Hold" and a consensus target price of $15.83.

Golub Capital BDC Stock Performance

GBDC stock traded up $0.04 during mid-day trading on Friday, hitting $13.68. 2,626,725 shares of the company were exchanged, compared to its average volume of 1,390,300. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $17.72. The stock has a market capitalization of $3.63 billion, a PE ratio of 9.91 and a beta of 0.33. The business has a 50 day simple moving average of $15.05 and a 200-day simple moving average of $15.20. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly 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%. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.40%. Golub Capital BDC's payout ratio is presently 113.04%.

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.