Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Expands By 21.4%

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 5,720,000 shares, an increase of 21.4% from the March 15th total of 4,710,000 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,600,000 shares, the short-interest ratio is currently 3.6 days.

Golub Capital BDC Price Performance

NASDAQ GBDC traded up $0.12 during mid-day trading on Thursday, hitting $14.46. The stock had a trading volume of 827,885 shares, compared to its average volume of 1,414,897. The firm's 50 day moving average is $14.78 and its 200 day moving average is $15.14. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 10.48 and a beta of 0.33. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. Golub Capital BDC has a twelve month low of $12.68 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS 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%. Equities research analysts forecast that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.79%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is presently 113.04%.

Analyst Ratings Changes

Several analysts have commented on GBDC shares. Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.83.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GBDC. Van ECK Associates Corp boosted its position in shares of Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock worth $68,555,000 after purchasing an additional 533,895 shares during the period. Sound Income Strategies LLC boosted its holdings in Golub Capital BDC by 4.2% during the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after acquiring an additional 128,457 shares during the period. Sage Mountain Advisors LLC grew its position in Golub Capital BDC by 38.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock valued at $38,043,000 after acquiring an additional 701,594 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Golub Capital BDC by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock worth $36,169,000 after purchasing an additional 49,519 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Golub Capital BDC by 77.8% in the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after buying an additional 968,525 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

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.