Klingman & Associates LLC Sells 29,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Klingman & Associates LLC decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 46.4% in the 4th quarter, HoldingsChannel reports. The firm owned 33,538 shares of the investment management company’s stock after selling 29,000 shares during the period. Klingman & Associates LLC’s holdings in Golub Capital BDC were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in GBDC. Partners Group Holding AG lifted its holdings in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares during the last quarter. LGT Capital Partners LTD. acquired a new stake in Golub Capital BDC during the 3rd quarter valued at $8,721,000. Northeast Financial Consultants Inc lifted its holdings in Golub Capital BDC by 25.9% during the 3rd 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 during the last quarter. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after purchasing an additional 533,895 shares during the last quarter. Finally, First National Trust Co acquired a new stake in shares of Golub Capital BDC during the third quarter worth $3,992,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GBDC. StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price 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 investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.38.

Golub Capital BDC Stock Up 0.2 %

GBDC opened at $15.96 on Wednesday. The company has a market capitalization of $4.24 billion, a P/E ratio of 11.57 and a beta of 0.54. The stock has a fifty day moving average of $15.35 and a 200-day moving average of $15.18. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 4.73 and a current ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results 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 net margin of 39.63% and a return on equity of 11.18%. On average, equities analysts expect that Golub Capital BDC, Inc. will post 1.62 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. Investors of record on Monday, March 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.77%. 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.