Parallel Advisors LLC Decreases Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Parallel Advisors LLC decreased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 209,364 shares of the investment management company’s stock after selling 14,468 shares during the quarter. Parallel Advisors LLC owned 0.08% of Golub Capital BDC worth $3,174,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GBDC. Atria Investments Inc raised its position in Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after buying an additional 886,123 shares during the last quarter. Sage Mountain Advisors LLC raised its position in Golub Capital BDC by 38.8% in the 4th 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. Partners Group Holding AG raised its position in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after buying an additional 648,855 shares during the last quarter. LGT Capital Partners LTD. purchased a new stake in shares of Golub Capital BDC during the 3rd quarter valued at about $8,721,000. Finally, Northeast Financial Consultants Inc lifted its stake in shares of Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after purchasing an additional 544,126 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GBDC. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Monday, March 10th. Wells Fargo & Company lowered their price objective on shares of 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $14.96 on Tuesday. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 10.84 and a beta of 0.50. The company’s 50 day moving average is $15.39 and its two-hundred day moving average is $15.25. 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) last released its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS 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%. As a group, research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is 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.