Corient Private Wealth LLC Sells 534,486 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Corient Private Wealth LLC lowered its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.9% in the 4th quarter, Holdings Channel reports. The fund owned 4,859,368 shares of the investment management company’s stock after selling 534,486 shares during the quarter. Corient Private Wealth LLC’s holdings in Golub Capital BDC were worth $73,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its position in Golub Capital BDC by 9.6% during the third quarter. GSA Capital Partners LLP now owns 19,217 shares of the investment management company’s stock valued at $290,000 after buying an additional 1,685 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Golub Capital BDC by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 645,187 shares of the investment management company’s stock worth $9,749,000 after acquiring an additional 5,264 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Golub Capital BDC in the third quarter worth about $162,000. Muzinich & Co. Inc. increased its stake in shares of Golub Capital BDC by 0.8% during the third quarter. Muzinich & Co. Inc. now owns 656,641 shares of the investment management company’s stock valued at $9,922,000 after purchasing an additional 5,264 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Golub Capital BDC by 566.8% during the third quarter. Quest Partners LLC now owns 149,970 shares of the investment management company’s stock valued at $2,266,000 after purchasing an additional 127,479 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 1.5 %

Golub Capital BDC stock opened at $14.67 on Monday. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The stock has a fifty day simple moving average of $15.40 and a two-hundred day simple moving average of $15.25. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 10.63 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.63%. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GBDC shares. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Monday, March 10th. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. Three equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

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.