Edge Capital Group LLC Reduces Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Edge Capital Group LLC lessened its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 35.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 426,170 shares of the investment management company's stock after selling 238,377 shares during the quarter. Edge Capital Group LLC owned 0.16% of Golub Capital BDC worth $6,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GBDC. Van ECK Associates Corp boosted its holdings in Golub Capital BDC by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock valued at $68,555,000 after purchasing an additional 533,895 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company's stock worth $46,320,000 after buying an additional 172,519 shares during the last quarter. Northeast Financial Consultants Inc grew its holdings in Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company's stock worth $40,016,000 after acquiring an additional 544,126 shares during the period. Partners Group Holding AG raised its position in 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 valued at $30,139,000 after acquiring an additional 648,855 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Golub Capital BDC by 10.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company's stock valued at $10,769,000 after acquiring an additional 65,167 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

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Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded down $0.03 during midday trading on Thursday, reaching $15.53. 1,502,820 shares of the company's stock traded hands, compared to its average volume of 1,396,000. The company has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $15.23. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The company has a market cap of $4.12 billion, a P/E ratio of 11.25 and a beta of 0.54. 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 (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.05%. Golub Capital BDC's dividend payout ratio (DPR) is currently 113.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GBDC shares. StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $16.38.

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.