Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC reduced its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 35.9% during the 4th quarter, Holdings Channel reports. The fund owned 426,170 shares of the investment management company’s stock after selling 238,377 shares during the quarter. Edge Capital Group LLC’s holdings in Golub Capital BDC were worth $6,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of Golub Capital BDC by 1,156.5% during the 3rd quarter. Creative Planning now owns 182,095 shares of the investment management company’s stock valued at $2,751,000 after purchasing an additional 167,603 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Golub Capital BDC by 22.2% in the third quarter. Foundations Investment Advisors LLC now owns 15,646 shares of the investment management company’s stock worth $236,000 after buying an additional 2,841 shares during the period. International Assets Investment Management LLC boosted its position in shares of Golub Capital BDC by 2,083.7% in the third quarter. International Assets Investment Management LLC now owns 167,993 shares of the investment management company’s stock worth $25,380,000 after buying an additional 160,300 shares during the period. Allworth Financial LP boosted its position in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after buying an additional 1,347 shares during the period. Finally, New World Advisors LLC boosted its position in shares of Golub Capital BDC by 7.5% in the third quarter. New World Advisors LLC now owns 23,407 shares of the investment management company’s stock worth $354,000 after buying an additional 1,639 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $15.84 on Monday. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The stock’s 50-day moving average is $15.40 and its two-hundred day moving average is $15.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market cap of $4.20 billion, a P/E ratio of 11.47 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is presently 113.04%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GBDC shares. StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.38.

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.