Golub Capital BDC Inc. (NASDAQ:GBDC) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 651,429 shares, a drop of 36.1% from the August 31st total of 1,019,351 shares. Based on an average trading volume of 145,946 shares, the short-interest ratio is presently 4.5 days. Currently, 1.2% of the company’s stock are sold short.
A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Janney Montgomery Scott assumed coverage on shares of Golub Capital BDC in a research report on Tuesday, September 20th. They issued a “neutral” rating and a $18.00 target price for the company. Finally, TheStreet raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.83.
In other news, Director John Thomas Baily purchased 8,250 shares of Golub Capital BDC stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average price of $18.35 per share, with a total value of $151,387.50. Following the completion of the transaction, the director now directly owns 23,179 shares of the company’s stock, valued at $425,334.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.
Several large investors have recently made changes to their positions in GBDC. Commonwealth Equity Services Inc boosted its stake in shares of Golub Capital BDC by 2.5% in the first quarter. Commonwealth Equity Services Inc now owns 39,028 shares of the investment management company’s stock valued at $676,000 after buying an additional 951 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Golub Capital BDC by 7.3% in the first quarter. BlackRock Group LTD now owns 240,558 shares of the investment management company’s stock valued at $4,164,000 after buying an additional 16,287 shares during the last quarter. Berkeley Capital Partners LLC acquired a new stake in shares of Golub Capital BDC during the first quarter valued at $640,000. UBS Group AG boosted its stake in shares of Golub Capital BDC by 2.1% in the first quarter. UBS Group AG now owns 1,281,784 shares of the investment management company’s stock valued at $22,188,000 after buying an additional 25,806 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Golub Capital BDC by 26.3% in the first quarter. Legal & General Group Plc now owns 99,432 shares of the investment management company’s stock valued at $1,720,000 after buying an additional 20,696 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.
Golub Capital BDC (NASDAQ:GBDC) opened at 18.57 on Friday. Golub Capital BDC has a 52 week low of $14.80 and a 52 week high of $19.76. The stock’s 50 day moving average is $18.79 and its 200 day moving average is $17.95.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Golub Capital BDC had a net margin of 57.18% and a return on equity of 7.75%. The firm earned $32.10 million during the quarter, compared to analysts’ expectations of $33.01 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Golub Capital BDC will post $1.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Monday, September 5th were given a $0.32 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $1.28 annualized dividend and a dividend yield of 6.89%. Golub Capital BDC’s payout ratio is presently 90.78%.
About Golub Capital BDC
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.
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