Silvercrest Asset Management Group LLC trimmed its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 57.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new position in Golub Capital BDC during the fourth quarter valued at about $19,145,000. Millennium Management LLC boosted its stake in Golub Capital BDC by 168.0% during 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. Bank of America Corp DE boosted its stake in Golub Capital BDC by 77.8% during the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after buying an additional 968,525 shares in the last quarter. Atria Investments Inc boosted its stake in Golub Capital BDC by 912.0% during the fourth 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 in the last quarter. Finally, Sage Mountain Advisors LLC boosted its stake in Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock valued at $38,043,000 after buying an additional 701,594 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on GBDC shares. Wells Fargo & Company decreased their target price on 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. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.50.
Check Out Our Latest Research Report on GBDC
Golub Capital BDC Trading Up 0.4%
Shares of NASDAQ:GBDC traded up $0.06 during midday trading on Friday, reaching $14.95. The company had a trading volume of 673,086 shares, compared to its average volume of 1,456,775. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.76. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 10.83 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. The company has a fifty day simple moving average of $14.48 and a two-hundred day simple moving average of $15.04.
Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 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 business posted $0.55 earnings per share. Research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.
Golub Capital BDC Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued 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 dividend payout ratio is 138.05%.
About Golub Capital BDC
(
Free Report)
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.
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