Tower Research Capital LLC TRC Sells 1,043 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Tower Research Capital LLC TRC trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 38.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,696 shares of the investment management company’s stock after selling 1,043 shares during the period. Tower Research Capital LLC TRC’s holdings in Golub Capital BDC were worth $26,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position in Golub Capital BDC by 3.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,545,571 shares of the investment management company’s stock worth $38,438,000 after purchasing an additional 77,128 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Golub Capital BDC by 8.7% in the 4th quarter. Van ECK Associates Corp now owns 2,472,926 shares of the investment management company’s stock worth $37,341,000 after buying an additional 197,681 shares during the last quarter. Sage Mountain Advisors LLC grew its position in Golub Capital BDC by 5.1% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,172,722 shares of the investment management company’s stock valued at $32,808,000 after buying an additional 106,411 shares during the period. Cerity Partners LLC increased its holdings in Golub Capital BDC by 4,797.5% during the fourth quarter. Cerity Partners LLC now owns 1,740,391 shares of the investment management company’s stock worth $26,280,000 after buying an additional 1,704,855 shares during the last quarter. Finally, Allen Investment Management LLC raised its position in Golub Capital BDC by 114.5% in the third quarter. Allen Investment Management LLC now owns 1,371,018 shares of the investment management company’s stock worth $20,113,000 after acquiring an additional 731,959 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GBDC shares. Raymond James increased their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Bank of America raised Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, March 25th. Finally, Wells Fargo & Company lifted their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Price Performance

NASDAQ GBDC traded up $0.05 during trading hours on Friday, hitting $16.89. The company had a trading volume of 605,139 shares, compared to its average volume of 753,132. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 9.28 and a beta of 0.55. Golub Capital BDC, Inc. has a 52 week low of $12.77 and a 52 week high of $17.72. The firm has a 50 day simple moving average of $16.38 and a 200 day simple moving average of $15.53.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $164.77 million during the quarter, compared to the consensus estimate of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.24%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 85.71%.

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.