Hirtle Callaghan & Co LLC Lowers Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hirtle Callaghan & Co LLC decreased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 907,983 shares of the investment management company’s stock after selling 19,257 shares during the quarter. Golub Capital BDC accounts for about 0.6% of Hirtle Callaghan & Co LLC’s holdings, making the stock its 25th biggest position. Hirtle Callaghan & Co LLC’s holdings in Golub Capital BDC were worth $13,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GBDC. Blue Trust Inc. raised 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. Parkside Financial Bank & Trust raised its stake in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after purchasing an additional 827 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter worth $160,000. Oppenheimer & Co. Inc. purchased a new position in shares of Golub Capital BDC in the third quarter worth $162,000. Finally, Empowered Funds LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter worth $173,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.12 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The firm has a market capitalization of $4.01 billion, a P/E ratio of 10.96 and a beta of 0.50. The business has a fifty day moving average of $15.40 and a 200 day moving average of $15.26.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS 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%. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.32%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.38.

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.