Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Callodine Capital Management LP

Callodine Capital Management LP reduced its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,000 shares of the investment management company's stock after selling 28,314 shares during the period. Golub Capital BDC makes up approximately 1.6% of Callodine Capital Management LP's holdings, making the stock its 22nd largest holding. Callodine Capital Management LP owned approximately 0.20% of Golub Capital BDC worth $7,959,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position in Golub Capital BDC by 45.5% during the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after buying an additional 59,443 shares in the last quarter. Anchor Investment Management LLC raised its stake in shares of Golub Capital BDC by 195.0% in the 3rd quarter. Anchor Investment Management LLC now owns 274,115 shares of the investment management company's stock valued at $4,142,000 after acquiring an additional 181,210 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Golub Capital BDC by 1.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company's stock valued at $1,101,000 after acquiring an additional 769 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Golub Capital BDC during the 3rd quarter worth $1,533,000. Finally, Tidal Investments LLC increased its holdings in Golub Capital BDC by 4.1% in the 3rd quarter. Tidal Investments LLC now owns 76,160 shares of the investment management company's stock valued at $1,151,000 after purchasing an additional 2,991 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analysts Set New Price Targets

GBDC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.83.

Golub Capital BDC Stock Up 2.4 %

GBDC stock traded up $0.34 during trading on Wednesday, reaching $14.35. The stock had a trading volume of 774,262 shares, compared to its average volume of 1,410,462. The firm has a fifty day moving average price of $14.81 and a 200 day moving average price of $15.15. 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 company has a market capitalization of $3.81 billion, a P/E ratio of 10.40 and a beta of 0.33. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts' consensus estimates 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 analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.87%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's payout ratio is currently 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.