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

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,360,000 shares, a drop of 8.5% from the November 15th total of 2,580,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 1.8 days.

Golub Capital BDC Price Performance

GBDC stock opened at $15.00 on Tuesday. The stock has a 50-day simple moving average of $15.32 and a 200-day simple moving average of $15.29. The firm has a market cap of $3.96 billion, a P/E ratio of 10.64 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC has a 1 year low of $14.05 and a 1 year high of $17.72.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.40%. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company decreased their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions 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 valued at $30,139,000 after purchasing an additional 648,855 shares in the last quarter. Northeast Financial Consultants Inc boosted its position in Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after buying an additional 1,268,442 shares during the last quarter. BBR Partners LLC acquired a new stake in shares of Golub Capital BDC during the third quarter valued at about $655,000. Baillie Gifford & Co. increased its position in shares of Golub Capital BDC by 64.5% during the second quarter. Baillie Gifford & Co. now owns 505,959 shares of the investment management company’s stock worth $7,949,000 after acquiring an additional 198,473 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Golub Capital BDC in the second quarter worth about $575,000. 42.38% of the stock is owned by institutional investors and hedge funds.

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.