CIBC Private Wealth Group LLC Reduces Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

CIBC Private Wealth Group LLC reduced its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,977 shares of the investment management company’s stock after selling 1,791 shares during the period. CIBC Private Wealth Group LLC’s holdings in Golub Capital BDC were worth $569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after buying an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 827 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Golub Capital BDC during the fourth quarter worth approximately $160,000. Empowered Funds LLC purchased a new stake in shares of Golub Capital BDC during the 4th quarter worth approximately $173,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Golub Capital BDC in the 4th quarter valued at $179,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $13.89 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market cap of $3.69 billion, a P/E ratio of 10.07 and a beta of 0.50. The stock has a 50 day moving average of $15.34 and a two-hundred day moving average of $15.27. Golub Capital BDC, Inc. has a twelve month low of $13.88 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.23%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.17.

Golub Capital BDC Profile

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.