Golub Capital BDC, Inc. (NASDAQ:GBDC) Sees Significant Growth in Short Interest

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,580,000 shares, a growth of 7.1% from the October 31st total of 2,410,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 1.9 days.

Insider Activity

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the acquisition, the chairman now directly owns 1,998,880 shares of the company's stock, valued at $29,803,300.80. This represents a 1.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.01% of the company's stock.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its stake in shares of Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after buying an additional 1,355 shares during the last quarter. Allworth Financial LP lifted its position in Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock valued at $35,000 after purchasing an additional 1,347 shares in the last quarter. Cove Street Capital LLC purchased a new position in Golub Capital BDC during the second quarter valued at $39,000. Quarry LP purchased a new position in Golub Capital BDC during the second quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Golub Capital BDC during the second quarter valued at $71,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 0.1 %

Shares of Golub Capital BDC stock traded up $0.01 on Tuesday, reaching $15.60. The company's stock had a trading volume of 997,044 shares, compared to its average volume of 1,173,214. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 11.06 and a beta of 0.54. The firm's fifty day simple moving average is $15.27 and its two-hundred day simple moving average is $15.36. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.00%. Golub Capital BDC's dividend payout ratio (DPR) is currently 110.64%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on 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. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Friday. Oppenheimer reissued an "outperform" rating and issued a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC has a consensus rating of "Moderate Buy" and a consensus target price of $16.40.

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.