Silvercrest Asset Management Group LLC Sells 45,060 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Silvercrest Asset Management Group LLC decreased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 57.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,982 shares of the investment management company’s stock after selling 45,060 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Golub Capital BDC were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after acquiring an additional 533,895 shares during the period. Sound Income Strategies LLC grew its holdings in Golub Capital BDC by 6.0% during the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after buying an additional 172,519 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in Golub Capital BDC by 38.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after buying an additional 701,594 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Golub Capital BDC by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after buying an additional 49,519 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Golub Capital BDC by 77.8% during the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company’s stock valued at $33,559,000 after buying an additional 968,525 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.8%

GBDC stock opened at $15.18 on Wednesday. The firm has a fifty day moving average price of $14.48 and a 200 day moving average price of $15.04. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $4.04 billion, a PE ratio of 11.00 and a beta of 0.55.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The business had revenue of $211.10 million during the quarter, compared to analysts’ expectations of $223.89 million. During the same period last year, the business posted $0.55 earnings per share. Sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date is Friday, June 13th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 138.05%.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of research analyst reports. Bank of America cut their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, May 12th. Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. 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 report on Tuesday, April 8th. Finally, StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.50.

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.