Wells Fargo & Company MN Has $7.50 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Wells Fargo & Company MN reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 41.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 494,732 shares of the investment management company's stock after selling 347,884 shares during the quarter. Wells Fargo & Company MN owned approximately 0.19% of Golub Capital BDC worth $7,500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after buying an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after purchasing an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Golub Capital BDC in the 4th quarter valued at $160,000. Empowered Funds LLC bought a new stake in Golub Capital BDC in the fourth quarter worth $173,000. Finally, Avantax Advisory Services Inc. acquired a new position in Golub Capital BDC during the fourth quarter worth $179,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of recent analyst reports. StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods lowered their target price on shares of 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $15.83.

Golub Capital BDC Stock Performance

Shares of GBDC stock traded up $0.14 during mid-day trading on Thursday, reaching $14.48. The stock had a trading volume of 300,366 shares, compared to its average volume of 1,412,524. The firm has a market cap of $3.84 billion, a PE ratio of 10.49 and a beta of 0.33. 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, Inc. has a one year low of $12.68 and a one year high of $17.72. The firm's 50 day simple moving average is $14.78 and its 200 day simple moving average is $15.14.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.78%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's payout ratio is 113.04%.

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.