Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Up 21.4% in March

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 5,720,000 shares, an increase of 21.4% from the March 15th total of 4,710,000 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 1,600,000 shares, the short-interest ratio is presently 3.6 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GBDC shares. Keefe, Bruyette & Woods reduced their price target on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBDC. Abundance Wealth Counselors boosted its holdings in shares of Golub Capital BDC by 25.1% during the first quarter. Abundance Wealth Counselors now owns 69,638 shares of the investment management company’s stock valued at $1,054,000 after acquiring an additional 13,953 shares during the period. Riverbridge Partners LLC increased its holdings in shares of Golub Capital BDC by 11.3% in the 1st quarter. Riverbridge Partners LLC now owns 44,229 shares of the investment management company’s stock worth $670,000 after acquiring an additional 4,480 shares during the period. Blue Trust Inc. lifted its position in Golub Capital BDC by 794.3% in the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company’s stock valued at $91,000 after purchasing an additional 5,330 shares during the last quarter. United Advisor Group LLC boosted its stake in Golub Capital BDC by 1.9% during the 1st quarter. United Advisor Group LLC now owns 205,482 shares of the investment management company’s stock valued at $3,111,000 after purchasing an additional 3,832 shares during the period. Finally, Catalina Capital Group LLC boosted its position in shares of Golub Capital BDC by 7.7% during the first quarter. Catalina Capital Group LLC now owns 13,565 shares of the investment management company’s stock worth $205,000 after buying an additional 965 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC stock traded down $0.28 on Monday, hitting $13.85. 1,283,262 shares of the stock traded hands, compared to its average volume of 1,410,553. The company’s fifty day moving average is $14.85 and its 200 day moving average is $15.16. Golub Capital BDC has a 1-year low of $12.68 and a 1-year high of $17.72. The company has a market capitalization of $3.68 billion, a PE ratio of 10.04 and a beta of 0.33. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. On average, equities research analysts predict that Golub Capital BDC will post 1.6 earnings per share for the current fiscal 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 $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.26%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

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.