Arnhold LLC Lowers Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Arnhold LLC lessened its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,318,200 shares of the investment management company's stock after selling 192,611 shares during the period. Golub Capital BDC comprises approximately 2.2% of Arnhold LLC's investment portfolio, making the stock its 12th largest holding. Arnhold LLC owned 0.78% of Golub Capital BDC worth $19,905,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GBDC. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 8.7% during the 4th quarter. Van ECK Associates Corp now owns 2,472,926 shares of the investment management company's stock valued at $37,341,000 after buying an additional 197,681 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in Golub Capital BDC by 5.1% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,172,722 shares of the investment management company's stock valued at $32,808,000 after purchasing an additional 106,411 shares in the last quarter. Shikiar Asset Management Inc. lifted its holdings in Golub Capital BDC by 187.5% in the 4th quarter. Shikiar Asset Management Inc. now owns 342,380 shares of the investment management company's stock valued at $5,170,000 after purchasing an additional 223,300 shares in the last quarter. Signaturefd LLC lifted its holdings in Golub Capital BDC by 1.7% in the 4th quarter. Signaturefd LLC now owns 107,783 shares of the investment management company's stock valued at $1,628,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Latitude Advisors LLC purchased a new position in Golub Capital BDC in the 4th quarter valued at $152,000. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

GBDC has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the company an "equal weight" rating in a report on Monday, January 29th. Raymond James raised their target price on Golub Capital BDC from $16.00 to $16.50 and gave the stock an "outperform" rating in a research note on Tuesday, January 23rd. StockNews.com downgraded Golub Capital BDC from a "buy" rating to a "hold" rating in a research note on Friday, March 29th. Finally, Bank of America raised Golub Capital BDC from a "neutral" rating to a "buy" rating and set a $17.00 target price for the company in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.40.

Golub Capital BDC Trading Down 1.2 %

Shares of NASDAQ:GBDC traded down $0.21 during midday trading on Tuesday, reaching $17.37. 759,415 shares of the company's stock were exchanged, compared to its average volume of 863,188. The firm's 50 day simple moving average is $16.29 and its two-hundred day simple moving average is $15.47. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 9.60 and a beta of 0.57. Golub Capital BDC, Inc. has a fifty-two week low of $12.77 and a fifty-two week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). The business had revenue of $164.77 million for the quarter, compared to analyst estimates of $160.93 million. Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date of this dividend is Wednesday, May 1st. Golub Capital BDC's dividend payout ratio (DPR) is 85.71%.

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.

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