Denali Advisors LLC Decreases Stake in Golub Capital BDC, Inc. $GBDC

Denali Advisors LLC lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 20.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 433,255 shares of the investment management company’s stock after selling 108,893 shares during the period. Denali Advisors LLC’s holdings in Golub Capital BDC were worth $5,931,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GBDC. Allworth Financial LP lifted its stake in shares of Golub Capital BDC by 116.8% in the second quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after buying an additional 1,181 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Golub Capital BDC in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. purchased a new position in Golub Capital BDC in the 2nd quarter worth approximately $41,000. MTM Investment Management LLC acquired a new position in shares of Golub Capital BDC during the 2nd quarter worth approximately $41,000. Finally, CWM LLC boosted its holdings in shares of Golub Capital BDC by 13,588.0% during the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after purchasing an additional 3,397 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on GBDC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a report on Thursday, January 15th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $12.63 on Monday. Golub Capital BDC, Inc. has a 52 week low of $12.28 and a 52 week high of $16.00. The stock’s fifty day moving average is $13.50 and its two-hundred day moving average is $13.96. The company has a market capitalization of $3.32 billion, a P/E ratio of 10.10 and a beta of 0.43. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same period last year, the company earned $0.42 EPS. Equities analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s payout ratio is 124.80%.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.