Golub Capital BDC, Inc. $GBDC Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 372,620 shares of the investment management company’s stock after selling 60,635 shares during the quarter. Denali Advisors LLC’s holdings in Golub Capital BDC were worth $5,056,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Golub Capital BDC during the 3rd quarter worth about $33,000. CWM LLC boosted its position in shares of Golub Capital BDC by 13,588.0% during the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after acquiring an additional 3,397 shares in the last quarter. Main Street Group LTD acquired a new position in shares of Golub Capital BDC during the 3rd quarter worth about $51,000. Advisory Services Network LLC acquired a new stake in shares of Golub Capital BDC in the 3rd quarter valued at about $77,000. Finally, Farther Finance Advisors LLC acquired a new stake in Golub Capital BDC during the 3rd quarter worth approximately $78,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on GBDC. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research report on Thursday, January 15th. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Buy” and an average price target of $14.25.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $13.16 on Friday. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $15.63. The company has a market capitalization of $3.43 billion, a P/E ratio of 17.09 and a beta of 0.41. The business has a 50 day moving average price of $12.73 and a 200 day moving average price of $13.28. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.24.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The firm had revenue of ($5.28) million during the quarter, compared to analysts’ expectations of $201.71 million. During the same period in the previous year, the business earned $0.30 earnings per share. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.38 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company 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. This represents a $1.32 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 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.