Tower Research Capital LLC TRC Sells 1,043 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Tower Research Capital LLC TRC reduced its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 38.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,696 shares of the investment management company’s stock after selling 1,043 shares during the period. Tower Research Capital LLC TRC’s holdings in Golub Capital BDC were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Golub Capital BDC during the fourth quarter worth $1,754,000. Sage Mountain Advisors LLC grew its stake in Golub Capital BDC by 4.5% during the third quarter. Sage Mountain Advisors LLC now owns 2,066,311 shares of the investment management company’s stock worth $30,313,000 after buying an additional 88,398 shares during the last quarter. Allen Investment Management LLC increased its holdings in shares of Golub Capital BDC by 114.5% during the third quarter. Allen Investment Management LLC now owns 1,371,018 shares of the investment management company’s stock worth $20,113,000 after buying an additional 731,959 shares in the last quarter. Barclays PLC bought a new position in shares of Golub Capital BDC in the third quarter valued at approximately $911,000. Finally, Baillie Gifford & Co. boosted its holdings in shares of Golub Capital BDC by 53.9% in the 3rd quarter. Baillie Gifford & Co. now owns 187,893 shares of the investment management company’s stock worth $2,756,000 after acquiring an additional 65,793 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GBDC has been the subject of several research analyst reports. StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Wells Fargo & Company increased their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Raymond James boosted their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 23rd. Finally, Bank of America raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Trading Up 0.3 %

Shares of GBDC traded up $0.05 on Friday, reaching $16.89. 605,139 shares of the company’s stock were exchanged, compared to its average volume of 753,132. The business has a 50 day moving average price of $16.38 and a two-hundred day moving average price of $15.53. Golub Capital BDC, Inc. has a 12 month low of $12.77 and a 12 month high of $17.72. The stock has a market capitalization of $2.90 billion, a P/E ratio of 9.28 and a beta of 0.55. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The company had revenue of $164.77 million during the quarter, compared to the consensus estimate of $160.93 million. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 2nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 9.24%. The ex-dividend date of this dividend is Wednesday, May 1st. Golub Capital BDC’s payout ratio is presently 85.71%.

About Golub Capital BDC

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.