Golub Capital BDC, Inc. $GBDC Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.1% during the 4th quarter, HoldingsChannel reports. The firm owned 2,298,330 shares of the investment management company’s stock after selling 230,937 shares during the quarter. HighTower Advisors LLC’s holdings in Golub Capital BDC were worth $31,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Main Street Group LTD acquired a new position in shares of Golub Capital BDC during the third quarter valued at approximately $51,000. Advisory Services Network LLC acquired a new position in shares of Golub Capital BDC during the third quarter valued at approximately $77,000. Allworth Financial LP increased its stake in shares of Golub Capital BDC by 213.5% during the third quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 4,680 shares during the period. SG Americas Securities LLC acquired a new position in Golub Capital BDC during the fourth quarter worth about $109,000. Finally, Neo Ivy Capital Management bought a new stake in Golub Capital BDC in the third quarter worth about $125,000. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $12.89 on Friday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $13.20. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $15.63. The stock has a market cap of $3.36 billion, a PE ratio of 16.74 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same quarter in the previous year, the firm posted $0.30 EPS. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.2%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s payout ratio is presently 171.43%.

Analyst Upgrades and Downgrades

GBDC has been the topic of several research reports. Zacks Research cut shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Royal Bank Of Canada dropped 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 Thursday, May 7th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.