Legacy Capital Wealth Partners LLC Sells 83,430 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Legacy Capital Wealth Partners LLC lowered its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 41.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,800 shares of the investment management company’s stock after selling 83,430 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Golub Capital BDC were worth $1,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP increased its holdings in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,347 shares during the period. Blue Trust Inc. increased its holdings in Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after buying an additional 1,921 shares during the period. Cary Street Partners Asset Management LLC bought a new stake in Golub Capital BDC in the 3rd quarter valued at $151,000. Cornerstone Wealth Management LLC bought a new stake in Golub Capital BDC in the 4th quarter valued at $160,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Golub Capital BDC in the 3rd quarter valued at $162,000. Institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

GBDC has been the topic of several analyst reports. Wells Fargo & Company lowered their price target 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 lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Golub Capital BDC has an average rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Stock Up 0.1 %

GBDC opened at $15.93 on Friday. The firm’s 50-day simple moving average is $15.32 and its 200-day simple moving average is $15.17. The company has a debt-to-equity ratio of 1.22, a quick ratio of 4.73 and a current ratio of 2.94. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 11.54 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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 research analysts anticipate that Golub Capital BDC, Inc. will post 1.62 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 9.79%. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

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.