Lindbrook Capital LLC Reduces Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Lindbrook Capital LLC trimmed its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 12.2% during the 4th quarter, Holdings Channel reports. The fund owned 3,040,538 shares of the investment management company’s stock after selling 421,797 shares during the period. Golub Capital BDC comprises about 4.2% of Lindbrook Capital LLC’s portfolio, making the stock its 5th largest position. Lindbrook Capital LLC’s holdings in Golub Capital BDC were worth $46,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Partners Group Holding AG grew its holdings in Golub Capital BDC by 48.2% during 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 acquiring an additional 648,855 shares in the last quarter. Barclays PLC grew its holdings in Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock worth $2,873,000 after acquiring an additional 59,443 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock worth $2,783,000 after acquiring an additional 82,787 shares in the last quarter. BBR Partners LLC bought a new position in Golub Capital BDC during the 3rd quarter worth about $655,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Golub Capital BDC by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock valued at $1,744,000 after buying an additional 26,764 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $15.06 on Thursday. The firm has a market capitalization of $4.00 billion, a P/E ratio of 10.91 and a beta of 0.54. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a 50 day moving average price of $15.47 and a 200 day moving average price of $15.26. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced 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 net margin of 39.63% and a return on equity of 11.18%. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.36%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

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.