Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Up 27.3% in February

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 12,318,237 shares, a growth of 27.3% from the February 12th total of 9,673,229 shares. Based on an average daily trading volume, of 3,288,183 shares, the days-to-cover ratio is presently 3.7 days. Currently, 4.7% of the company’s stock are sold short. Currently, 4.7% of the company’s stock are sold short. Based on an average daily trading volume, of 3,288,183 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Trading of Golub Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Golub Capital BDC in the third quarter worth about $33,000. MTM Investment Management LLC acquired a new position in Golub Capital BDC in the second quarter valued at approximately $41,000. CWM LLC boosted its stake in Golub Capital BDC by 13,588.0% in the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 3,397 shares during the period. Finally, Main Street Group LTD bought a new position in shares of Golub Capital BDC during the third quarter valued at approximately $51,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Wells Fargo & Company lowered their price objective on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th. Finally, Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $14.38.

Golub Capital BDC Stock Down 1.3%

NASDAQ:GBDC traded down $0.16 during mid-day trading on Friday, reaching $11.97. The stock had a trading volume of 4,156,690 shares, compared to its average volume of 3,146,605. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 9.58 and a beta of 0.45. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $15.63. The stock’s 50 day simple moving average is $12.91 and its two-hundred day simple moving average is $13.61. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same quarter in the prior year, the firm posted $0.42 earnings per share. Equities analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s payout ratio is currently 124.80%.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.