Klingman & Associates LLC Reduces Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Klingman & Associates LLC lowered its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,538 shares of the investment management company's stock after selling 29,000 shares during the quarter. Klingman & Associates LLC's holdings in Golub Capital BDC were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Planning raised its stake in Golub Capital BDC by 1,156.5% during the 3rd quarter. Creative Planning now owns 182,095 shares of the investment management company's stock worth $2,751,000 after acquiring an additional 167,603 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Golub Capital BDC by 22.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 15,646 shares of the investment management company's stock valued at $236,000 after purchasing an additional 2,841 shares during the period. Eagle Bay Advisors LLC grew its stake in Golub Capital BDC by 5.1% during the 3rd quarter. Eagle Bay Advisors LLC now owns 100,815 shares of the investment management company's stock worth $1,523,000 after buying an additional 4,891 shares during the last quarter. International Assets Investment Management LLC increased its position in Golub Capital BDC by 2,083.7% during the third quarter. International Assets Investment Management LLC now owns 167,993 shares of the investment management company's stock worth $25,380,000 after buying an additional 160,300 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Golub Capital BDC by 13.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 236,110 shares of the investment management company's stock valued at $3,568,000 after buying an additional 28,825 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded down $0.07 during midday trading on Friday, hitting $15.84. The stock had a trading volume of 1,239,822 shares, compared to its average volume of 1,384,781. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average price of $15.39 and a two-hundred day moving average price of $15.19. The company has a market capitalization of $4.20 billion, a PE ratio of 11.47 and a beta of 0.54.

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 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%. As a group, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed 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 9.85%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC's dividend payout ratio is presently 113.04%.

Analyst Ratings Changes

A number of brokerages have recently commented on GBDC. StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of "Hold" and an average price target 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.