Two Sigma Investments LP Sells 743,121 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Two Sigma Investments LP reduced its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 725,193 shares of the investment management company's stock after selling 743,121 shares during the period. Two Sigma Investments LP owned about 0.27% of Golub Capital BDC worth $10,994,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GBDC. Tidal Investments LLC boosted its position in Golub Capital BDC by 2.3% in the fourth quarter. Tidal Investments LLC now owns 77,910 shares of the investment management company's stock valued at $1,181,000 after buying an additional 1,750 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in Golub Capital BDC by 0.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after buying an additional 814 shares in the last quarter. ProShare Advisors LLC boosted its position in Golub Capital BDC by 20.1% in the fourth quarter. ProShare Advisors LLC now owns 36,063 shares of the investment management company's stock valued at $547,000 after buying an additional 6,025 shares in the last quarter. Millennium Management LLC boosted its position in Golub Capital BDC by 168.0% in the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock valued at $28,945,000 after buying an additional 1,196,800 shares in the last quarter. Finally, LRI Investments LLC boosted its position in Golub Capital BDC by 1.7% in the fourth quarter. LRI Investments LLC now owns 118,986 shares of the investment management company's stock valued at $1,804,000 after buying an additional 1,981 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Down 0.2%

Shares of GBDC traded down $0.03 on Thursday, reaching $15.15. 224,043 shares of the company's stock were exchanged, compared to its average volume of 1,450,054. 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 stock has a market capitalization of $4.03 billion, a P/E ratio of 10.97 and a beta of 0.55. The business has a 50 day moving average price of $14.48 and a two-hundred day moving average price of $15.04. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.76.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly 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). The business had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same period last year, the firm earned $0.55 earnings per share. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.

Analyst Ratings Changes

GBDC has been the topic of a number of recent analyst reports. Bank of America reduced 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 report on Monday, May 12th. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, 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 for the company in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Golub Capital BDC presently has an average rating of "Moderate Buy" and an average target price 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.