Albion Financial Group UT Lowers Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Albion Financial Group UT reduced its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,828 shares of the investment management company’s stock after selling 4,134 shares during the period. Albion Financial Group UT’s holdings in Golub Capital BDC were worth $1,665,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GBDC. Nicholas Hoffman & Company LLC. grew its position in Golub Capital BDC by 1.8% during the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock worth $582,000 after buying an additional 664 shares during the period. Neville Rodie & Shaw Inc. boosted its stake 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 worth $824,000 after acquiring an additional 715 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Golub Capital BDC by 1.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after purchasing an additional 769 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Golub Capital BDC by 2.3% during the third 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. Finally, The Manufacturers Life Insurance Company boosted its position in Golub Capital BDC by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company’s stock worth $556,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.49 on Wednesday. The stock has a market capitalization of $4.09 billion, a P/E ratio of 10.99 and a beta of 0.53. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. The firm’s 50-day moving average is $15.26 and its two-hundred day moving average is $15.17.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were paid a $0.39 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.07%. 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.