Klingman & Associates LLC Sells 29,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Klingman & Associates LLC cut its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 46.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,538 shares of the investment management company’s stock after selling 29,000 shares during the quarter. Klingman & Associates LLC’s holdings in Golub Capital BDC were worth $508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. D.A. Davidson & CO. increased its stake in shares of Golub Capital BDC by 4.2% in the 4th quarter. D.A. Davidson & CO. now owns 261,778 shares of the investment management company’s stock valued at $3,969,000 after acquiring an additional 10,646 shares during the last quarter. Truist Financial Corp grew its position in shares of Golub Capital BDC by 172.0% in the 4th quarter. Truist Financial Corp now owns 31,788 shares of the investment management company’s stock valued at $482,000 after purchasing an additional 20,101 shares during the period. 5T Wealth LLC acquired a new position in shares of Golub Capital BDC in the 4th quarter valued at approximately $365,000. Sanctuary Advisors LLC grew its position in shares of Golub Capital BDC by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 72,884 shares of the investment management company’s stock valued at $1,140,000 after purchasing an additional 896 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Golub Capital BDC by 66.5% in the 4th quarter. Baillie Gifford & Co. now owns 418,858 shares of the investment management company’s stock valued at $6,350,000 after purchasing an additional 167,219 shares during the period. 42.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GBDC shares. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Trading Up 0.2 %

NASDAQ:GBDC opened at $15.96 on Wednesday. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. 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 has a 50 day moving average price of $15.35 and a two-hundred day moving average price of $15.18. The company has a market cap of $4.24 billion, a P/E ratio of 11.57 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results 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%. As a group, analysts expect that Golub Capital BDC, Inc. will post 1.62 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.77%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) 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.