Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Rises By 14.0%

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,690,000 shares, a growth of 14.0% from the November 30th total of 2,360,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is presently 2.1 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Friday, November 29th. Wells Fargo & Company decreased 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 report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and an average target price of $16.40.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of GBDC. Partners Group Holding AG raised its position in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock worth $30,139,000 after purchasing an additional 648,855 shares during the period. Northeast Financial Consultants Inc increased its stake in Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock worth $33,057,000 after purchasing an additional 1,268,442 shares in the last quarter. BBR Partners LLC purchased a new position in Golub Capital BDC in the 3rd quarter worth about $655,000. Barclays PLC raised its holdings in Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock worth $2,873,000 after buying an additional 59,443 shares during the period. Finally, MQS Management LLC purchased a new stake in Golub Capital BDC during the second quarter valued at about $575,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of GBDC traded up $0.04 during mid-day trading on Wednesday, hitting $15.16. The company's stock had a trading volume of 1,162,759 shares, compared to its average volume of 1,186,567. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. The firm has a 50-day moving average price of $15.28 and a 200 day moving average price of $15.22. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 10.75 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.29%. Golub Capital BDC's dividend payout ratio is currently 110.64%.

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.