Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Albion Financial Group UT

Albion Financial Group UT lowered its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 109,828 shares of the investment management company’s stock after selling 4,134 shares during the quarter. Albion Financial Group UT’s holdings in Golub Capital BDC were worth $1,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Golub Capital BDC by 13.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after acquiring an additional 475,196 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Golub Capital BDC by 5.0% during the third quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after purchasing an additional 137,813 shares during the period. Northeast Financial Consultants Inc boosted its holdings in shares of Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after buying an additional 544,126 shares during the period. Partners Group Holding AG grew its position in shares of 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 buying an additional 648,855 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Golub Capital BDC by 1,170.6% during the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after acquiring an additional 724,662 shares during the period. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $15.49 on Wednesday. The firm has a market cap of $4.09 billion, a PE ratio of 10.99 and a beta of 0.53. The company’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $15.17. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.07%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s payout ratio is presently 110.64%.

Analysts Set New Price Targets

GBDC has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective 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 Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC 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.