Triumph Capital Management Sells 34,925 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Triumph Capital Management lessened its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,522 shares of the investment management company's stock after selling 34,925 shares during the period. Triumph Capital Management's holdings in Golub Capital BDC were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GBDC. Barclays PLC grew its position in shares of Golub Capital BDC by 45.5% in the 3rd 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 during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Golub Capital BDC by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock valued at $1,744,000 after buying an additional 26,764 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter valued at about $296,000. Atria Investments Inc grew its position in shares of Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock valued at $14,907,000 after buying an additional 886,123 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of Golub Capital BDC by 172.0% in the 4th quarter. Truist Financial Corp now owns 31,788 shares of the investment management company's stock valued at $482,000 after buying an additional 20,101 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.4%

Shares of Golub Capital BDC stock traded up $0.06 on Friday, hitting $14.95. 673,086 shares of the company's stock traded hands, compared to its average volume of 1,456,775. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.76. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company has a fifty day moving average of $14.48 and a two-hundred day moving average of $15.04. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.83 and a beta of 0.55.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $223.89 million. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current 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 given a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.43%. Golub Capital BDC's payout ratio is 138.05%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GBDC. Bank of America reduced their price target on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

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.