Hirtle Callaghan & Co LLC Trims Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hirtle Callaghan & Co LLC lowered its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 907,983 shares of the investment management company's stock after selling 19,257 shares during the period. Golub Capital BDC comprises 0.6% of Hirtle Callaghan & Co LLC's holdings, making the stock its 25th largest position. Hirtle Callaghan & Co LLC owned approximately 0.34% of Golub Capital BDC worth $13,765,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake 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 valued at $36,000 after acquiring an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in 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. Cornerstone Wealth Management LLC bought a new position in Golub Capital BDC during the fourth quarter valued at $160,000. Oppenheimer & Co. Inc. purchased a new stake in Golub Capital BDC in the third quarter worth $162,000. Finally, Empowered Funds LLC bought a new stake in shares of Golub Capital BDC in the fourth quarter valued at $173,000. Institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of "Hold" and a consensus target price of $16.17.

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Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC traded down $0.12 during mid-day trading on Friday, hitting $15.25. The company had a trading volume of 1,653,712 shares, compared to its average volume of 1,316,687. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. 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 capitalization of $4.05 billion, a price-to-earnings ratio of 11.05 and a beta of 0.50. The stock's 50-day moving average price is $15.40 and its 200-day moving average price is $15.27.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly 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. This represents a $1.56 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is presently 113.04%.

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.