Abundance Wealth Counselors Sells 122,813 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Abundance Wealth Counselors trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 68.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,685 shares of the investment management company’s stock after selling 122,813 shares during the quarter. Abundance Wealth Counselors’ holdings in Golub Capital BDC were worth $844,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GBDC. Van ECK Associates Corp grew its holdings in Golub Capital BDC by 13.5% during the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after acquiring an additional 475,196 shares during the period. Sound Income Strategies LLC grew its stake in shares of Golub Capital BDC by 6.0% during the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after purchasing an additional 172,519 shares during the period. Northeast Financial Consultants Inc increased its holdings in Golub Capital BDC by 25.9% in the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after purchasing an additional 544,126 shares during the last quarter. Partners Group Holding AG lifted its stake in Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares during the period. Finally, Millennium Management LLC boosted its holdings in Golub Capital BDC by 1,170.6% during the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after buying an additional 724,662 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GBDC shares. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $15.73 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 11.16 and a beta of 0.53. The business has a 50 day simple moving average of $15.29 and a 200 day simple moving average of $15.16. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

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.