Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,868 shares of the investment management company’s stock after selling 16,388 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Golub Capital BDC were worth $999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GBDC. Barclays PLC grew its stake in Golub Capital BDC by 45.5% in the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock valued at $2,873,000 after acquiring an additional 59,443 shares during the last quarter. Anchor Investment Management LLC grew its position in shares of Golub Capital BDC by 195.0% in the third quarter. Anchor Investment Management LLC now owns 274,115 shares of the investment management company’s stock valued at $4,142,000 after purchasing an additional 181,210 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Golub Capital BDC during the 3rd quarter worth approximately $1,533,000. Tidal Investments LLC raised its position in shares of Golub Capital BDC by 4.1% during the 3rd quarter. Tidal Investments LLC now owns 76,160 shares of the investment management company’s stock worth $1,151,000 after purchasing an additional 2,991 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Golub Capital BDC by 32.2% in the 3rd quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company’s stock valued at $6,134,000 after buying an additional 98,685 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on GBDC shares. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday. Keefe, Bruyette & Woods cut their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.50.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $14.30 on Wednesday. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $17.72. The firm has a market capitalization of $3.80 billion, a P/E ratio of 10.36 and a beta of 0.33. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The firm has a fifty day moving average of $14.66 and a 200-day moving average of $15.12.

Golub Capital BDC (NASDAQ:GBDC) last issued its 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%. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.91%. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

Golub Capital BDC Company 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.