Mariner LLC Sells 61,297 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Mariner LLC cut its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 46.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,948 shares of the investment management company's stock after selling 61,297 shares during the period. Mariner LLC's holdings in Golub Capital BDC were worth $1,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Investments Inc increased 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 purchasing an additional 886,123 shares during the last quarter. Sage Mountain Advisors LLC increased its holdings 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 worth $38,043,000 after buying an additional 701,594 shares during the last quarter. Van ECK Associates Corp raised its position in Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock worth $68,555,000 after acquiring an additional 533,895 shares in the last quarter. OneAscent Wealth Management LLC acquired a new stake in Golub Capital BDC in the fourth quarter valued at $6,395,000. Finally, OneAscent Financial Services LLC bought a new position in shares of Golub Capital BDC in the 4th quarter valued at about $6,075,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GBDC has been the subject of several recent analyst reports. StockNews.com downgraded shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Wells Fargo & Company cut 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.50.

Golub Capital BDC Stock Performance

GBDC stock traded up $0.23 during mid-day trading on Friday, hitting $14.29. 263,195 shares of the company were exchanged, compared to its average volume of 1,421,578. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $17.12. The stock has a market capitalization of $3.79 billion, a PE ratio of 10.36 and a beta of 0.33. The business has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $15.11. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly 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%. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $0.39 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.92%. Golub Capital BDC's payout ratio is presently 113.04%.

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.