Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Up 26.4% in December

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,400,000 shares, a growth of 26.4% from the December 15th total of 2,690,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 2.8 days.

Golub Capital BDC Trading Up 0.5 %

Shares of GBDC stock traded up $0.07 during mid-day trading on Friday, hitting $15.40. The company’s stock had a trading volume of 987,569 shares, compared to its average volume of 1,096,528. The company has a market cap of $4.07 billion, a PE ratio of 10.92 and a beta of 0.53. 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 company’s fifty day simple moving average is $15.25 and its 200-day simple moving average is $15.18. 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were issued a $0.39 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 10.13%. Golub Capital BDC’s payout ratio is currently 110.64%.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors have recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. increased its stake in shares of Golub Capital BDC by 1.8% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 664 shares in the last quarter. Neville Rodie & Shaw Inc. grew its holdings in Golub Capital BDC by 1.3% in the third quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock worth $824,000 after purchasing an additional 715 shares during the period. Sanctuary Advisors LLC increased its stake in Golub Capital BDC by 1.1% in the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after purchasing an additional 769 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Golub Capital BDC by 2.3% during the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 875 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Golub Capital BDC by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company’s stock worth $556,000 after purchasing an additional 1,150 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research 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’s stock. According to MarketBeat.com, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $16.40.

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.