Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Next Capital Management LLC

Next Capital Management LLC decreased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 24.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,876 shares of the investment management company's stock after selling 188,034 shares during the quarter. Golub Capital BDC makes up 3.6% of Next Capital Management LLC's portfolio, making the stock its 6th largest position. Next Capital Management LLC owned 0.22% of Golub Capital BDC worth $8,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Partners Group Holding AG lifted its holdings in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock valued at $30,139,000 after buying an additional 648,855 shares in the last quarter. Barclays PLC increased its position 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 valued at $2,873,000 after purchasing an additional 59,443 shares during the period. Eagle Bay Advisors LLC increased its position in Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock valued at $2,783,000 after purchasing an additional 82,787 shares during the period. BBR Partners LLC purchased a new position in Golub Capital BDC during the 3rd quarter valued at about $655,000. Finally, Janney Montgomery Scott LLC increased its position in Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock valued at $1,744,000 after purchasing an additional 26,764 shares during the period. Institutional investors own 42.38% of the company's stock.

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Golub Capital BDC Stock Performance

NASDAQ:GBDC traded up $0.03 during trading hours on Friday, hitting $15.12. 1,644,151 shares of the company were exchanged, compared to its average volume of 1,306,536. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 10.96 and a beta of 0.50. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company's 50 day moving average price is $15.40 and its 200-day moving average price is $15.26.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released 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, 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 firm 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. This represents a $1.56 annualized dividend and a yield of 10.32%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC's payout ratio is 113.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.38.

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.