Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Position Lowered by Tranquility Partners LLC

Tranquility Partners LLC lowered its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 342,345 shares of the investment management company’s stock after selling 8,343 shares during the period. Golub Capital BDC makes up approximately 2.0% of Tranquility Partners LLC’s portfolio, making the stock its 9th biggest holding. Tranquility Partners LLC’s holdings in Golub Capital BDC were worth $5,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares during the last quarter. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 1,921 shares during the last quarter. Cary Street Partners Asset Management LLC bought a new stake in shares of Golub Capital BDC in the third quarter worth about $151,000. Cornerstone Wealth Management LLC bought a new stake in shares of Golub Capital BDC in the fourth quarter worth about $160,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Golub Capital BDC in the third quarter worth about $162,000. 42.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GBDC shares. Wells Fargo & Company cut their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC has an average rating of “Moderate Buy” and an average target price of $16.38.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.83 on Thursday. The company has a quick ratio of 4.73, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average price is $15.30 and its 200-day moving average price is $15.16. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The stock has a market cap of $4.20 billion, a P/E ratio of 11.47 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.62 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 9.85%. Golub Capital BDC’s payout ratio is currently 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.