Naviter Wealth LLC Sells 10,633 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Naviter Wealth LLC reduced its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 209,726 shares of the investment management company’s stock after selling 10,633 shares during the quarter. Naviter Wealth LLC’s holdings in Golub Capital BDC were worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,921 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after acquiring an additional 827 shares during the period. Cornerstone Wealth Management LLC bought a new stake in Golub Capital BDC during the fourth quarter worth $160,000. Oppenheimer & Co. Inc. bought a new stake in Golub Capital BDC during the third quarter worth $162,000. Finally, Empowered Funds LLC bought a new stake in Golub Capital BDC during the fourth quarter worth $173,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price target on 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 lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.38.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.03 on Friday. The firm has a market cap of $3.99 billion, a PE ratio of 10.89 and a beta of 0.50. The stock’s fifty day moving average price is $15.45 and its two-hundred day moving average price is $15.26. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72.

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

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.38%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is presently 113.04%.

Golub Capital BDC Company 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.