Cerity Partners LLC Decreases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cerity Partners LLC reduced its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,586,646 shares of the investment management company's stock after selling 51,417 shares during the quarter. Cerity Partners LLC owned approximately 0.60% of Golub Capital BDC worth $24,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GBDC. Blue Trust Inc. raised its position in shares of 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 valued at $36,000 after buying an additional 1,921 shares during the period. Parkside Financial Bank & Trust increased its stake in Golub Capital BDC by 36.1% during the fourth 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 last quarter. Hurley Capital LLC purchased a new stake in Golub Capital BDC in the fourth quarter valued at $50,000. Cornerstone Wealth Management LLC acquired a new position in shares of Golub Capital BDC in the 4th quarter valued at $160,000. Finally, Empowered Funds LLC purchased a new position in shares of Golub Capital BDC during the 4th quarter worth $173,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Trading Up 0.7 %

NASDAQ GBDC traded up $0.10 during trading on Monday, hitting $13.78. The stock had a trading volume of 522,639 shares, compared to its average volume of 1,387,134. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $3.66 billion, a PE ratio of 9.99 and a beta of 0.33. The firm has a 50 day moving average price of $15.05 and a 200 day moving average price of $15.20. Golub Capital BDC, Inc. 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 announced its 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%. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed 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 11.32%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's payout ratio is currently 113.04%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GBDC shares. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. StockNews.com downgraded shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.83.

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.