Cresset Asset Management LLC Sells 38,311 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cresset Asset Management LLC cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 23.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,403 shares of the investment management company's stock after selling 38,311 shares during the quarter. Cresset Asset Management LLC's holdings in Golub Capital BDC were worth $1,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after purchasing an additional 1,921 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Golub Capital BDC by 36.1% in the 4th 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 period. Optiver Holding B.V. raised its holdings in shares of Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after purchasing an additional 688 shares during the period. Hurley Capital LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter valued at about $50,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter valued at about $160,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Performance

GBDC traded up $0.07 on Friday, reaching $15.01. The company had a trading volume of 492,304 shares, compared to its average volume of 1,563,104. The company's fifty day moving average is $14.45 and its 200 day moving average is $15.05. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.76. The stock has a market cap of $4.00 billion, a P/E ratio of 10.88 and a beta of 0.55. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The business had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.40%. Golub Capital BDC's dividend payout ratio is 138.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GBDC. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Bank of America decreased their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods decreased their price target on shares of 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. Finally, StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

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.