Two Sigma Advisers LP Lowers Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Two Sigma Advisers LP trimmed its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 34.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 791,900 shares of the investment management company's stock after selling 408,800 shares during the period. Two Sigma Advisers LP owned about 0.46% of Golub Capital BDC worth $11,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nicholas Hoffman & Company LLC. lifted its position in shares of Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company's stock valued at $582,000 after acquiring an additional 664 shares during the period. Neville Rodie & Shaw Inc. lifted its position in shares of Golub Capital BDC by 1.3% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company's stock valued at $824,000 after acquiring an additional 715 shares during the period. Moors & Cabot Inc. raised its position in shares of Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company's stock worth $576,000 after purchasing an additional 875 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Golub Capital BDC by 2.8% during the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company's stock worth $582,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in shares of Golub Capital BDC by 2.6% during the 2nd 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 last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Golub Capital BDC Trading Down 0.5 %

GBDC stock traded down $0.07 during midday trading on Tuesday, hitting $15.07. The stock had a trading volume of 1,465,308 shares, compared to its average volume of 1,176,679. The firm has a market cap of $3.98 billion, a PE ratio of 10.74 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, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The company's 50-day moving average price is $15.32 and its 200 day moving average price is $15.33.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.35%. Golub Capital BDC's payout ratio is currently 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.