Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Down 8.5% in November

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,360,000 shares, a decrease of 8.5% from the November 15th total of 2,580,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

A number of brokerages have weighed in on GBDC. Wells Fargo & Company cut their price target 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. StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Golub Capital BDC presently has a consensus rating of "Moderate Buy" and an average target price of $16.40.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Golub Capital BDC by 3.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 639,923 shares of the investment management company's stock worth $10,053,000 after buying an additional 18,615 shares during the period. Raymond James & Associates grew its stake in Golub Capital BDC by 5.5% during the 2nd quarter. Raymond James & Associates now owns 116,963 shares of the investment management company's stock valued at $1,837,000 after acquiring an additional 6,104 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Golub Capital BDC by 18.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 207,285 shares of the investment management company's stock valued at $3,256,000 after purchasing an additional 31,696 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Golub Capital BDC in the second quarter worth approximately $764,000. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in shares of Golub Capital BDC by 2.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company's stock worth $706,000 after purchasing an additional 1,123 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Trading Down 0.3 %

NASDAQ GBDC traded down $0.05 on Monday, hitting $15.00. 1,686,630 shares of the company were exchanged, compared to its average volume of 1,179,986. Golub Capital BDC has a twelve month low of $14.05 and a twelve month high of $17.72. The company's 50 day moving average price is $15.32 and its 200-day moving average price is $15.29. The firm has a market capitalization of $3.96 billion, a P/E ratio of 10.64 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.40%. Golub Capital BDC's dividend payout ratio (DPR) is presently 110.64%.

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.