Granite FO LLC Lowers Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Granite FO LLC lowered its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 534,030 shares of the investment management company's stock after selling 56,775 shares during the quarter. Golub Capital BDC comprises approximately 4.6% of Granite FO LLC's investment portfolio, making the stock its 6th biggest holding. Granite FO LLC owned 0.20% of Golub Capital BDC worth $8,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Golub Capital BDC during the fourth quarter worth about $787,000. Atria Investments Inc grew its stake in shares of Golub Capital BDC by 912.0% during the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock worth $14,907,000 after acquiring an additional 886,123 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after purchasing an additional 827 shares during the last quarter. Muzinich & Co. Inc. lifted its position in shares of Golub Capital BDC by 10.9% in the fourth quarter. Muzinich & Co. Inc. now owns 728,365 shares of the investment management company's stock worth $11,042,000 after purchasing an additional 71,724 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Golub Capital BDC by 84.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 19,775 shares of the investment management company's stock worth $300,000 after purchasing an additional 9,069 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

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Wall Street Analyst Weigh In

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

Golub Capital BDC Stock Performance

Shares of GBDC stock traded up $0.22 on Friday, reaching $15.03. The stock had a trading volume of 1,513,274 shares, compared to its average volume of 1,276,224. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. 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 firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.89 and a beta of 0.50. The firm's 50-day moving average is $15.45 and its two-hundred day moving average is $15.26.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released 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%. On average, research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.38%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC's payout ratio is presently 113.04%.

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.