Golub Capital BDC, Inc. $GBDC Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP cut its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 25.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,421 shares of the investment management company’s stock after selling 26,579 shares during the quarter. Greenland Capital Management LP’s holdings in Golub Capital BDC were worth $1,164,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Golub Capital BDC by 29.7% in the 1st quarter. Bank of New York Mellon Corp now owns 148,775 shares of the investment management company’s stock worth $2,252,000 after buying an additional 34,105 shares in the last quarter. Private Advisor Group LLC raised its position in Golub Capital BDC by 23.2% during the first quarter. Private Advisor Group LLC now owns 40,213 shares of the investment management company’s stock worth $609,000 after acquiring an additional 7,576 shares during the last quarter. Triumph Capital Management raised its position in Golub Capital BDC by 5.1% during the first quarter. Triumph Capital Management now owns 51,003 shares of the investment management company’s stock worth $772,000 after acquiring an additional 2,481 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Golub Capital BDC by 3.6% in the first quarter. Wedbush Securities Inc. now owns 42,881 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Advisor OS LLC grew its position in shares of Golub Capital BDC by 2.3% in the first quarter. Advisor OS LLC now owns 193,220 shares of the investment management company’s stock valued at $2,925,000 after purchasing an additional 4,417 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $13.52 on Thursday. The stock has a market capitalization of $3.60 billion, a P/E ratio of 9.52 and a beta of 0.47. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. The firm’s 50-day moving average is $13.93 and its two-hundred day moving average is $14.54.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.37%. The business had revenue of $217.84 million for the quarter, compared to the consensus estimate of $220.54 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, December 12th. This represents a $1.56 annualized dividend and a dividend yield of 11.5%. Golub Capital BDC’s dividend payout ratio (DPR) is 109.86%.

Golub Capital BDC Company 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.