Rockefeller Capital Management L.P. Sells 660,109 Shares of Golub Capital BDC, Inc. $GBDC

Rockefeller Capital Management L.P. lowered its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 22.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,311,002 shares of the investment management company’s stock after selling 660,109 shares during the period. Rockefeller Capital Management L.P.’s holdings in Golub Capital BDC were worth $31,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GBDC. Advisory Services Network LLC bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at $77,000. Clearstead Advisors LLC boosted its stake in shares of Golub Capital BDC by 48.6% in the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after buying an additional 1,941 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Golub Capital BDC by 104.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after acquiring an additional 3,287 shares during the period. Allworth Financial LP grew its holdings in shares of Golub Capital BDC by 213.5% in the third quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after acquiring an additional 4,680 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Golub Capital BDC during the fourth quarter valued at $109,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $12.35 on Monday. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 16.04 and a beta of 0.39. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $13.09 and its 200 day moving average is $13.07.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results 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). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The company had revenue of ($5.28) million for the quarter, compared to the consensus estimate of $201.71 million. During the same period last year, the business posted $0.30 EPS. On average, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s dividend payout ratio is 171.43%.

Analysts Set New Price Targets

Several research analysts have issued reports on GBDC shares. Oppenheimer reissued an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Zacks Research cut shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Finally, Royal Bank Of Canada cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.