Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 499,739 shares of the investment management company’s stock after selling 8,525 shares during the period. Captrust Financial Advisors owned approximately 0.29% of Golub Capital BDC worth $7,551,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northeast Financial Consultants Inc raised its holdings in Golub Capital BDC by 151.8% during the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after purchasing an additional 1,268,442 shares in the last quarter. Millennium Management LLC raised its stake in shares of Golub Capital BDC by 1,170.6% during the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after buying an additional 724,662 shares in the last quarter. Partners Group Holding AG lifted its holdings in shares of Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares during the period. Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC by 22.3% in the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after buying an additional 640,866 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in Golub Capital BDC during the second quarter worth $9,426,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insider Activity at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $14.91 per share, with a total value of $298,200.00. Following the purchase, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on GBDC shares. Oppenheimer reissued an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report 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. Finally, Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.59 on Tuesday. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The stock has a market cap of $4.12 billion, a P/E ratio of 11.06 and a beta of 0.54. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $15.26 and a two-hundred day moving average of $15.37.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date of this dividend is Monday, December 9th. 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.