Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Expands By 7.1%

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,580,000 shares, a growth of 7.1% from the October 31st total of 2,410,000 shares. Based on an average trading volume of 1,330,000 shares, the days-to-cover ratio is presently 1.9 days.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chairman now directly owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of Golub Capital BDC

Hedge funds have recently added to or reduced their stakes in the business. Abundance Wealth Counselors lifted its position in Golub Capital BDC by 289.2% during the 2nd quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock worth $2,943,000 after buying an additional 139,212 shares in the last quarter. Partners Group Holding AG raised its holdings in Golub Capital BDC by 48.2% during the third 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. TCW Group Inc. boosted its position in Golub Capital BDC by 63.0% during the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock valued at $6,766,000 after purchasing an additional 166,480 shares during the last quarter. Cetera Advisors LLC bought a new position in Golub Capital BDC in the first quarter valued at approximately $995,000. Finally, Northeast Financial Consultants Inc grew its stake in Golub Capital BDC by 151.8% in 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 purchasing an additional 1,268,442 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

GBDC has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. Finally, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Price Performance

GBDC opened at $15.60 on Wednesday. The company has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $15.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a market capitalization of $4.12 billion, a PE ratio of 11.06 and a beta of 0.54. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.00%. Golub Capital BDC’s dividend payout ratio is 110.64%.

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.