Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Update

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 2,450,000 shares, an increase of 15.0% from the August 15th total of 2,130,000 shares. Based on an average trading volume of 1,570,000 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GBDC shares. Wells Fargo & Company cut 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 Wednesday, August 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Oppenheimer restated an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.40.

Golub Capital BDC Stock Performance

GBDC stock traded down $0.19 on Tuesday, reaching $14.86. 1,419,907 shares of the company were exchanged, compared to its average volume of 1,142,991. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC has a 12 month low of $13.95 and a 12 month high of $17.72. The stock’s fifty day moving average price is $15.06 and its 200 day moving average price is $15.84. The firm has a market capitalization of $2.55 billion, a PE ratio of 7.40 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same quarter in the prior year, the business posted $0.44 EPS. On average, research analysts anticipate that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $0.39 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 10.50%. Golub Capital BDC’s payout ratio is currently 76.85%.

Insider Buying and Selling

In related news, CEO David Golub purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the acquisition, the chief executive officer now owns 1,738,880 shares in the company, valued at approximately $25,526,758.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO David Golub acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the acquisition, the chief executive officer now owns 1,738,880 shares in the company, valued at $25,526,758.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anita J. Rival bought 26,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 146,000 shares of company stock valued at $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after purchasing an additional 640,866 shares during the period. Sound Income Strategies LLC grew its position in Golub Capital BDC by 3.1% in the second quarter. Sound Income Strategies LLC now owns 2,745,048 shares of the investment management company’s stock valued at $43,125,000 after acquiring an additional 83,111 shares during the period. Allen Investment Management LLC raised its stake in Golub Capital BDC by 6.9% during the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after acquiring an additional 145,761 shares in the last quarter. Northeast Financial Consultants Inc lifted its holdings in shares of Golub Capital BDC by 151.8% during the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the period. Finally, Arnhold LLC boosted its stake in shares of Golub Capital BDC by 0.8% in the 2nd quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock valued at $20,725,000 after purchasing an additional 11,000 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

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.