Golub Capital BDC, Inc. $GBDC Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,463 shares of the investment management company’s stock after selling 59,818 shares during the quarter. Naviter Wealth LLC’s holdings in Golub Capital BDC were worth $2,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Golub Capital BDC by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock worth $34,890,000 after acquiring an additional 125,881 shares during the last quarter. GSA Capital Partners LLP increased its stake in Golub Capital BDC by 1,321.2% during the third quarter. GSA Capital Partners LLP now owns 157,976 shares of the investment management company’s stock worth $2,163,000 after acquiring an additional 146,860 shares during the last quarter. AlphaQuest LLC grew its stake in shares of Golub Capital BDC by 2,542.0% in the third quarter. AlphaQuest LLC now owns 128,984 shares of the investment management company’s stock valued at $1,766,000 after buying an additional 124,102 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Golub Capital BDC by 279.4% in the third quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock valued at $34,626,000 after buying an additional 1,862,632 shares in the last quarter. Finally, Generali Asset Management SPA SGR grew its stake in shares of Golub Capital BDC by 4.7% in the third quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after buying an additional 118,034 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

GBDC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Wells Fargo & Company dropped their price objective on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $14.38.

Golub Capital BDC Trading Up 0.2%

Shares of NASDAQ GBDC opened at $12.83 on Wednesday. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.63. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25. The stock has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $13.35. The stock has a market capitalization of $3.38 billion, a PE ratio of 10.26 and a beta of 0.40.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The firm had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. During the same period last year, the business posted $0.42 earnings per share. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Friday, March 13th. Golub Capital BDC’s payout ratio is presently 105.60%.

Golub Capital BDC 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.