Golub Capital BDC, Inc. (NASDAQ:GBDC) Sees Significant Increase in Short Interest

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 12,318,237 shares, an increase of 27.3% from the February 12th total of 9,673,229 shares. Approximately 4.7% of the shares of the company are short sold. Based on an average daily volume of 3,288,183 shares, the short-interest ratio is currently 3.7 days. Based on an average daily volume of 3,288,183 shares, the short-interest ratio is currently 3.7 days. Approximately 4.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Golub Capital BDC

Several large investors have recently bought and sold shares of the stock. Comprehensive Money Management Services LLC lifted its stake in shares of Golub Capital BDC by 7.8% in the 3rd quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock worth $171,000 after acquiring an additional 900 shares during the period. Colton Groome Financial Advisors LLC increased its stake in shares of Golub Capital BDC by 9.0% during the third quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 913 shares during the period. Anchor Investment Management LLC increased its stake in shares of Golub Capital BDC by 0.4% during the second quarter. Anchor Investment Management LLC now owns 280,435 shares of the investment management company’s stock valued at $4,108,000 after acquiring an additional 1,012 shares during the period. Truist Financial Corp raised its holdings in Golub Capital BDC by 5.6% during the third quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock worth $268,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Keel Point LLC raised its holdings in Golub Capital BDC by 2.7% during the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Golub Capital BDC stock traded down $0.16 during mid-day trading on Friday, hitting $11.97. 4,156,690 shares of the company’s stock traded hands, compared to its average volume of 3,146,605. The firm has a 50 day moving average price of $12.91 and a 200 day moving average price of $13.61. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.15 billion, a PE ratio of 9.58 and a beta of 0.45. Golub Capital BDC has a one year low of $11.77 and a one year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, equities analysts forecast that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Friday, March 13th. Golub Capital BDC’s dividend payout ratio is currently 124.80%.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of recent research reports. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday. Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $14.38.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.