Dynamic Technology Lab Private Ltd Cuts Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Dynamic Technology Lab Private Ltd lessened its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 28.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,505 shares of the investment management company’s stock after selling 11,834 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Golub Capital BDC were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GBDC. Hexagon Capital Partners LLC increased its stake in Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after buying an additional 1,355 shares in the last quarter. Allworth Financial LP increased its stake in Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after buying an additional 1,347 shares in the last quarter. Cove Street Capital LLC purchased a new stake in Golub Capital BDC during the 2nd quarter worth approximately $39,000. Quarry LP purchased a new stake in Golub Capital BDC during the 2nd quarter worth approximately $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Golub Capital BDC during the 2nd quarter worth approximately $71,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. The trade was a 1.01 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price target on 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. Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Trading Up 1.7 %

GBDC opened at $15.67 on Friday. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The stock has a market capitalization of $4.14 billion, a PE ratio of 11.11 and a beta of 0.54. The business’s 50 day moving average price is $15.24 and its 200 day moving average price is $15.39. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

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.