Denali Advisors LLC Cuts Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Denali Advisors LLC cut its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 541,003 shares of the investment management company's stock after selling 48,646 shares during the quarter. Golub Capital BDC makes up approximately 0.9% of Denali Advisors LLC's portfolio, making the stock its 20th biggest position. Denali Advisors LLC owned 0.20% of Golub Capital BDC worth $8,202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GBDC. International Assets Investment Management LLC boosted its holdings in Golub Capital BDC by 2,083.7% in the third quarter. International Assets Investment Management LLC now owns 167,993 shares of the investment management company's stock valued at $25,380,000 after purchasing an additional 160,300 shares in the last quarter. Allworth Financial LP boosted its holdings in Golub Capital BDC by 135.6% in 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. Nicholas Hoffman & Company LLC. boosted its holdings in Golub Capital BDC by 1.8% in the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company's stock valued at $582,000 after purchasing an additional 664 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Golub Capital BDC by 34.7% in the third quarter. Chicago Partners Investment Group LLC now owns 47,216 shares of the investment management company's stock valued at $728,000 after purchasing an additional 12,161 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Golub Capital BDC by 6.1% in the third quarter. Janney Montgomery Scott LLC now owns 88,294 shares of the investment management company's stock valued at $1,334,000 after purchasing an additional 5,057 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

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Golub Capital BDC Stock Performance

NASDAQ GBDC traded up $0.14 on Friday, reaching $15.67. The stock had a trading volume of 2,068,661 shares, compared to its average volume of 1,413,247. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The business's 50-day moving average price is $15.46 and its 200 day moving average price is $15.23. The stock has a market cap of $4.16 billion, a P/E ratio of 11.36 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS 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 analysts expect 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.96%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is presently 113.04%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GBDC shares. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, November 21st. StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.38.

Golub Capital BDC 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.