Naviter Wealth LLC Lowers Stock Holdings in Golub Capital BDC, Inc. $GBDC

Naviter Wealth LLC lowered its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,463 shares of the investment management company’s stock after selling 59,818 shares during the quarter. Naviter Wealth LLC owned approximately 0.08% of Golub Capital BDC worth $2,965,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Golub Capital BDC by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock valued at $34,890,000 after acquiring an additional 125,881 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Golub Capital BDC by 1,321.2% in the third quarter. GSA Capital Partners LLP now owns 157,976 shares of the investment management company’s stock valued at $2,163,000 after acquiring an additional 146,860 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Golub Capital BDC by 2,542.0% in the third quarter. AlphaQuest LLC now owns 128,984 shares of the investment management company’s stock valued at $1,766,000 after acquiring an additional 124,102 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Golub Capital BDC by 279.4% in the third quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock valued at $34,626,000 after acquiring an additional 1,862,632 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its position in shares of Golub Capital BDC by 4.7% in the third quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after acquiring an additional 118,034 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $12.83 on Wednesday. The stock has a 50 day moving average price of $12.51 and a 200 day moving average price of $13.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $3.38 billion, a PE ratio of 10.26 and a beta of 0.40. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last posted its 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 last year, the firm earned $0.42 earnings per share. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 10.3%. Golub Capital BDC’s dividend payout ratio (DPR) is 105.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GBDC. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Golub Capital BDC has an average rating of “Buy” and an average price target of $14.38.

Golub Capital BDC Profile

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.