Two Sigma Advisers LP Decreases Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Two Sigma Advisers LP trimmed its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 27.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 575,100 shares of the investment management company's stock after selling 216,800 shares during the period. Two Sigma Advisers LP owned about 0.22% of Golub Capital BDC worth $8,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Optiver Holding B.V. raised its stake in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after purchasing an additional 688 shares during the period. Signaturefd LLC raised its holdings in shares of Golub Capital BDC by 0.7% in the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company's stock worth $1,618,000 after purchasing an additional 704 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of 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 during the period. Parkside Financial Bank & Trust raised its stake in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after buying an additional 827 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of Golub Capital BDC by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 72,884 shares of the investment management company's stock valued at $1,140,000 after buying an additional 896 shares during the period. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Trading Down 0.3%

Shares of Golub Capital BDC stock traded down $0.05 during trading on Thursday, reaching $15.13. The company's stock had a trading volume of 272,252 shares, compared to its average volume of 1,450,276. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.76. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 10.96 and a beta of 0.55. The firm's 50-day moving average is $14.48 and its two-hundred day moving average is $15.04. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share 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 firm had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. During the same period in the previous year, the company earned $0.55 EPS. On average, sell-side analysts anticipate 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 declared 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 dividend on an annualized basis and a yield of 10.31%. Golub Capital BDC's dividend payout ratio (DPR) is currently 138.05%.

Analysts Set New Price Targets

GBDC has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock 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 on the stock in a research report on Tuesday, April 8th. Finally, Bank of America decreased 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 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, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.