Parallel Advisors LLC Cuts Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Parallel Advisors LLC reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,364 shares of the investment management company’s stock after selling 14,468 shares during the quarter. Parallel Advisors LLC’s holdings in Golub Capital BDC were worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after buying an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after buying an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Golub Capital BDC during the 4th quarter valued at approximately $160,000. Oppenheimer & Co. Inc. purchased a new stake in Golub Capital BDC during the 3rd quarter valued at approximately $162,000. Finally, Empowered Funds LLC purchased a new stake in Golub Capital BDC during the 4th quarter valued at approximately $173,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Trading Up 2.0 %

GBDC stock opened at $14.96 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a fifty day moving average price of $15.39 and a 200 day moving average price of $15.25. The firm has a market cap of $3.97 billion, a PE ratio of 10.84 and a beta of 0.50. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.

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 the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.43%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is 113.04%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Monday, March 10th. Wells Fargo & Company cut their target price 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

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.