Romano Brothers AND Company Decreases Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Romano Brothers AND Company cut its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,125 shares of the investment management company’s stock after selling 1,750 shares during the quarter. Romano Brothers AND Company’s holdings in Golub Capital BDC were worth $184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Partners Group Holding AG boosted its stake in shares of 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 valued at $30,139,000 after purchasing an additional 648,855 shares during the period. Northeast Financial Consultants Inc raised its holdings in Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after buying an additional 1,268,442 shares during the last quarter. Barclays PLC boosted its position in Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock valued at $2,873,000 after buying an additional 59,443 shares during the period. Eagle Bay Advisors LLC grew its holdings in Golub Capital BDC by 82.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock worth $2,783,000 after acquiring an additional 82,787 shares during the last quarter. Finally, BBR Partners LLC purchased a new position in shares of Golub Capital BDC in the third quarter valued at about $655,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GBDC. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.40 on Monday. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The stock has a market capitalization of $4.07 billion, a P/E ratio of 10.92 and a beta of 0.53. The company’s 50-day moving average is $15.25 and its 200 day moving average is $15.17. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.13%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

About Golub Capital BDC

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.