Silvercrest Asset Management Group LLC Sells 45,060 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Silvercrest Asset Management Group LLC trimmed its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 57.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,982 shares of the investment management company's stock after selling 45,060 shares during the period. Silvercrest Asset Management Group LLC's holdings in Golub Capital BDC were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in GBDC. BNP Paribas Financial Markets lifted its position in Golub Capital BDC by 60.6% during the fourth quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after purchasing an additional 52,155 shares during the period. Barclays PLC raised 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 in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock worth $1,744,000 after acquiring an additional 26,764 shares during the period. Wealthspire Advisors LLC bought a new stake in shares of Golub Capital BDC during the 4th quarter worth approximately $296,000. Finally, Atria Investments Inc boosted its position in shares of Golub Capital BDC by 912.0% during the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock worth $14,907,000 after acquiring an additional 886,123 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GBDC shares. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Bank of America dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Golub Capital BDC Trading Up 0.4%

Shares of NASDAQ:GBDC traded up $0.06 during midday trading on Monday, hitting $14.95. 673,086 shares of the stock were exchanged, compared to its average volume of 1,455,565. The business's 50-day moving average price is $14.48 and its 200 day moving average price is $15.04. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock 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 posted 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 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 prior year, the business earned $0.55 earnings per share. Analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.43%. Golub Capital BDC's payout ratio is 138.05%.

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.