Douglass Winthrop Advisors LLC Sells 30,000 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Douglass Winthrop Advisors LLC has reduced its stake in Golub Capital BDC, Inc. by 45.5%, now holding 35,987 shares worth $545,000 after selling 30,000 shares in the first quarter.
• Analysts have mixed views on Golub Capital BDC, with Wells Fargo lowering the price target from $15.00 to $14.00, while Bank of America adjusted its target from $16.50 to $15.50, maintaining a "buy" rating.
• The company recently declared a dividend of $0.39 per share, with an annualized yield of 10.6% and a dividend payout ratio of 109.86%.

Douglass Winthrop Advisors LLC trimmed its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 45.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,987 shares of the investment management company's stock after selling 30,000 shares during the period. Douglass Winthrop Advisors LLC's holdings in Golub Capital BDC were worth $545,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GBDC. Castlekeep Investment Advisors LLC purchased a new position in Golub Capital BDC during the fourth quarter valued at $19,145,000. Millennium Management LLC increased its holdings in shares of Golub Capital BDC by 168.0% in the 4th quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock worth $28,945,000 after buying an additional 1,196,800 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Golub Capital BDC by 77.8% in the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock worth $33,559,000 after buying an additional 968,525 shares during the last quarter. Sigma Investment Counselors Inc. bought a new stake in shares of Golub Capital BDC in the 1st quarter worth about $10,935,000. Finally, Allen Investment Management LLC increased its holdings in shares of Golub Capital BDC by 11.9% in the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock worth $62,615,000 after buying an additional 441,050 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of research reports. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America reduced their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Golub Capital BDC has an average rating of "Moderate Buy" and an average price target of $15.00.

Golub Capital BDC Trading Up 0.4%

Shares of Golub Capital BDC stock traded up $0.06 during trading on Thursday, hitting $14.78. The stock had a trading volume of 764,073 shares, compared to its average volume of 1,402,067. The firm's fifty day simple moving average is $14.87 and its 200-day simple moving average is $14.85. The stock has a market cap of $3.94 billion, a PE ratio of 10.41 and a beta of 0.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The company had revenue of $218.34 million during the quarter, compared to analyst estimates of $215.47 million. During the same quarter last year, the business posted $0.39 EPS. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. Golub Capital BDC's dividend payout ratio (DPR) is presently 109.86%.

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.