Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Expands By 5.6%

Golub Capital BDC, Inc. (NASDAQ:GBDCGet Free Report) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 4,530,000 shares, a growth of 5.6% from the May 15th total of 4,290,000 shares. Based on an average daily volume of 903,400 shares, the days-to-cover ratio is currently 5.0 days.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub bought 88,748 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of $16.03 per share, for a total transaction of $1,422,630.44. Following the completion of the acquisition, the chairman now owns 1,357,628 shares in the company, valued at $21,762,776.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Lawrence E. Golub bought 62,267 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $16.06 per share, for a total transaction of $1,000,008.02. Following the purchase, the chairman now owns 1,268,880 shares in the company, valued at approximately $20,378,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Lawrence E. Golub purchased 88,748 shares of the stock in a transaction on Tuesday, June 11th. The stock was bought at an average cost of $16.03 per share, for a total transaction of $1,422,630.44. Following the completion of the acquisition, the chairman now owns 1,357,628 shares in the company, valued at $21,762,776.84. The disclosure for this purchase can be found here. Insiders have purchased 601,015 shares of company stock valued at $9,636,138 in the last 90 days. 0.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA raised its holdings in Golub Capital BDC by 1,005.0% during the 4th quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,000 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Golub Capital BDC in the 1st quarter worth about $38,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Golub Capital BDC by 77.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 1,508 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Golub Capital BDC by 39.1% in the first quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock worth $115,000 after purchasing an additional 1,940 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Golub Capital BDC in the fourth quarter valued at approximately $151,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on GBDC shares. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Raymond James cut shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Read Our Latest Report on GBDC

Golub Capital BDC Price Performance

Shares of GBDC stock traded down $0.10 on Tuesday, hitting $15.64. 824,138 shares of the company’s stock were exchanged, compared to its average volume of 938,605. The stock has a market cap of $2.68 billion, a P/E ratio of 7.75 and a beta of 0.53. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29. Golub Capital BDC has a 12 month low of $13.16 and a 12 month high of $17.72. The company has a 50 day moving average of $16.53 and a 200 day moving average of $15.89.

Golub Capital BDC (NASDAQ:GBDCGet Free Report) last issued its earnings results on Monday, May 6th. The investment management company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The company had revenue of $164.23 million during the quarter, compared to analyst estimates of $163.61 million. On average, equities research analysts predict that Golub Capital BDC will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a None dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s payout ratio is currently 76.85%.

About Golub Capital BDC

(Get Free Report)

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.

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