Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,800 shares of the investment management company's stock after selling 83,430 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Golub Capital BDC were worth $1,816,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of 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 worth $35,000 after acquiring an additional 1,347 shares in the last quarter. Blue Trust Inc. increased its holdings in Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after purchasing an additional 1,921 shares in the last quarter. Cary Street Partners Asset Management LLC purchased a new position in Golub Capital BDC in the third quarter valued at about $151,000. Cornerstone Wealth Management LLC acquired a new position in shares of Golub Capital BDC during the fourth quarter worth about $160,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Golub Capital BDC in the third quarter worth about $162,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, November 21st. StockNews.com lowered shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. One 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.38.

Golub Capital BDC Stock Down 0.3 %

Shares of NASDAQ GBDC traded down $0.04 during midday trading on Wednesday, reaching $15.92. 1,211,726 shares of the company's stock were exchanged, compared to its average volume of 1,366,773. The stock has a market capitalization of $4.23 billion, a PE ratio of 11.54 and a beta of 0.54. 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 quick ratio of 2.94 and a current ratio of 2.94. The business's fifty day moving average price is $15.37 and its two-hundred day moving average price is $15.19.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) 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%. Analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 9.80%. Golub Capital BDC's dividend payout ratio (DPR) is 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.