Golub Capital BDC, Inc. $GBDC Stake Decreased by Granite FO LLC

Granite FO LLC decreased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 20.6% during the fourth quarter, Holdings Channel reports. The fund owned 400,505 shares of the investment management company’s stock after selling 104,030 shares during the period. Golub Capital BDC makes up about 2.9% of Granite FO LLC’s holdings, making the stock its 7th biggest holding. Granite FO LLC’s holdings in Golub Capital BDC were worth $5,435,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GBDC. CWM LLC boosted its position in shares of Golub Capital BDC by 13,588.0% in the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after purchasing an additional 3,397 shares in the last quarter. Main Street Group LTD bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at $51,000. Advisory Services Network LLC bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at $77,000. Allworth Financial LP lifted its holdings in shares of Golub Capital BDC by 213.5% during the 3rd quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock valued at $94,000 after buying an additional 4,680 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Golub Capital BDC in the 4th quarter worth $109,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

GBDC has been the subject of several analyst reports. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Zacks Research lowered Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Oppenheimer restated an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Royal Bank Of Canada lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Golub Capital BDC Stock Down 1.0%

Shares of NASDAQ GBDC opened at $12.78 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $3.33 billion, a P/E ratio of 16.60 and a beta of 0.41. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.63. The firm has a 50-day simple moving average of $12.85 and a two-hundred day simple moving average of $13.22.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period last year, the firm earned $0.30 EPS. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 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 Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 10.3%. Golub Capital BDC’s payout ratio is 171.43%.

Golub Capital BDC 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.