Legacy Capital Wealth Partners LLC Sells 14,947 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Legacy Capital Wealth Partners LLC decreased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,701 shares of the investment management company’s stock after selling 14,947 shares during the quarter. Legacy Capital Wealth Partners LLC owned approximately 0.06% of Golub Capital BDC worth $1,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GBDC. SG Americas Securities LLC acquired a new stake in shares of Golub Capital BDC during the 3rd quarter valued at $1,201,000. Commonwealth Equity Services LLC boosted its holdings in shares of Golub Capital BDC by 0.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 88,270 shares of the investment management company’s stock valued at $1,295,000 after acquiring an additional 816 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Golub Capital BDC by 18.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 23,347 shares of the investment management company’s stock valued at $342,000 after acquiring an additional 3,676 shares in the last quarter. Raymond James & Associates lifted its holdings in Golub Capital BDC by 3.5% during the 3rd quarter. Raymond James & Associates now owns 39,988 shares of the investment management company’s stock worth $587,000 after buying an additional 1,358 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Golub Capital BDC by 19.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,546 shares of the investment management company’s stock worth $257,000 after buying an additional 2,909 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Raymond James lifted their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 23rd. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Bank of America raised Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Stock Up 2.2 %

GBDC traded up $0.37 during midday trading on Friday, reaching $17.40. 678,961 shares of the company were exchanged, compared to its average volume of 680,972. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15. The company’s fifty day moving average price is $16.25 and its 200 day moving average price is $15.43. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 9.56 and a beta of 0.57. Golub Capital BDC, Inc. has a one year low of $12.77 and a one year high of $17.42.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $164.77 million for the quarter, compared to the consensus estimate of $160.93 million. Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. As a group, analysts expect that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 2nd will be paid a $0.39 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.97%. Golub Capital BDC’s payout ratio is presently 85.71%.

Golub Capital BDC 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.