Corient Private Wealth LLC Trims Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Corient Private Wealth LLC trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,859,368 shares of the investment management company’s stock after selling 534,486 shares during the period. Corient Private Wealth LLC owned 1.83% of Golub Capital BDC worth $73,336,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after buying an additional 533,895 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after purchasing an additional 172,519 shares during the last quarter. Northeast Financial Consultants Inc raised its stake in Golub Capital BDC by 25.9% in the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after purchasing an additional 544,126 shares in the last quarter. Sage Mountain Advisors LLC raised its position in shares of Golub Capital BDC by 38.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after buying an additional 701,594 shares in the last quarter. Finally, Partners Group Holding AG lifted its stake in Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after purchasing an additional 648,855 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 1.5 %

Shares of NASDAQ GBDC opened at $14.67 on Monday. The firm’s fifty day moving average is $15.40 and its 200 day moving average is $15.25. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 10.63 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 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 expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.63%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GBDC shares. Wells Fargo & Company lowered their price objective on shares of 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. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Monday, March 10th. Three investment 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, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target 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.