Lindbrook Capital LLC Sells 421,797 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Lindbrook Capital LLC lessened its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,040,538 shares of the investment management company's stock after selling 421,797 shares during the quarter. Golub Capital BDC comprises about 4.2% of Lindbrook Capital LLC's holdings, making the stock its 5th biggest holding. Lindbrook Capital LLC owned 1.15% of Golub Capital BDC worth $46,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Blue Trust Inc. grew its stake in Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after buying an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after acquiring an additional 827 shares during the period. Cary Street Partners Asset Management LLC purchased a new position in shares of Golub Capital BDC in the 3rd quarter valued at approximately $151,000. Cornerstone Wealth Management LLC acquired a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $160,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Golub Capital BDC during the third quarter worth approximately $162,000. Institutional investors and hedge funds own 42.38% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GBDC shares. StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Wells Fargo & Company lowered 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $16.38.

Golub Capital BDC Price Performance

GBDC stock traded down $0.12 on Monday, reaching $14.91. 1,359,795 shares of the company's stock were exchanged, compared to its average volume of 1,278,724. The stock has a fifty day moving average of $15.45 and a 200-day moving average of $15.27. The firm has a market cap of $3.96 billion, a PE ratio of 10.80 and a beta of 0.50. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. 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 10.46%. Golub Capital BDC's payout ratio is 113.04%.

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.