Legal & General Group Plc Sells 134,713 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Legal & General Group Plc lowered its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,809,822 shares of the investment management company's stock after selling 134,713 shares during the period. Legal & General Group Plc owned approximately 0.68% of Golub Capital BDC worth $27,419,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GBDC. Waterloo Capital L.P. increased its holdings in shares of Golub Capital BDC by 6.9% during the 4th quarter. Waterloo Capital L.P. now owns 120,392 shares of the investment management company's stock worth $1,825,000 after purchasing an additional 7,801 shares during the period. Quadrant Capital Group LLC grew its position in Golub Capital BDC by 2,677.8% during the 4th quarter. Quadrant Capital Group LLC now owns 33,195 shares of the investment management company's stock worth $503,000 after acquiring an additional 32,000 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter valued at $50,000. Envestnet Asset Management Inc. lifted its position in shares of Golub Capital BDC by 11.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 372,363 shares of the investment management company's stock worth $5,645,000 after purchasing an additional 36,776 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Golub Capital BDC in the 4th quarter valued at $1,225,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 2.6 %

Shares of Golub Capital BDC stock traded up $0.36 during trading on Friday, hitting $14.13. 1,258,379 shares of the company were exchanged, compared to its average volume of 1,405,961. The firm has a market capitalization of $3.75 billion, a P/E ratio of 10.24 and a beta of 0.33. The firm's fifty day moving average price is $14.92 and its 200 day moving average price is $15.17. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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%. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 annualized dividend and a dividend yield of 11.04%. Golub Capital BDC's dividend payout ratio (DPR) is currently 113.04%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GBDC. StockNews.com downgraded shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods reduced their price objective 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.83.

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.