Golub Capital BDC (NASDAQ:GBDC) Sees Unusually-High Trading Volume After Dividend Announcement

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) saw unusually-high trading volume on Wednesday after the company announced a dividend. Approximately 2,261,110 shares traded hands during mid-day trading, an increase of 70% from the previous session's volume of 1,326,537 shares.The stock last traded at $15.19 and had previously closed at $15.67.The newly announced dividend which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued 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 10.21%. Golub Capital BDC's payout ratio is presently 110.64%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company dropped 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 research note on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.38.

Golub Capital BDC Stock Performance

The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $4.04 billion, a PE ratio of 10.84 and a beta of 0.54. The firm's 50-day simple moving average is $15.30 and its 200-day simple moving average is $15.16.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced 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 return on equity of 11.86% and a net margin of 37.78%. On average, research analysts predict that Golub Capital BDC, Inc. will post 1.69 earnings per share for the current year.

Institutional Trading of Golub Capital BDC

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings in shares of Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock valued at $32,000 after acquiring an additional 1,355 shares during the period. Allworth Financial LP grew its stake 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 during the last quarter. Blue Trust Inc. raised its holdings in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after purchasing an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of 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 valued at $47,000 after buying an additional 827 shares during the last quarter. Finally, Cary Street Partners Asset Management LLC bought a new stake in shares of Golub Capital BDC in the 3rd quarter valued at about $151,000. 42.38% of the stock is currently owned by institutional investors.

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.

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