Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Update

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 9,673,229 shares, a growth of 57.4% from the January 29th total of 6,146,412 shares. Based on an average daily trading volume, of 3,429,836 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.7% of the shares of the stock are short sold. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,429,836 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

GBDC has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Wells Fargo & Company cut their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $14.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GBDC. Strs Ohio lifted its holdings in Golub Capital BDC by 2.9% during the 4th quarter. Strs Ohio now owns 16,704,760 shares of the investment management company’s stock worth $226,684,000 after buying an additional 466,978 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Golub Capital BDC by 9.0% in the third quarter. Van ECK Associates Corp now owns 4,843,816 shares of the investment management company’s stock valued at $66,312,000 after acquiring an additional 401,723 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Golub Capital BDC by 53.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after acquiring an additional 1,368,759 shares in the last quarter. Bank of America Corp DE boosted its holdings in Golub Capital BDC by 5.7% in the third quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock valued at $52,430,000 after purchasing an additional 207,998 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Golub Capital BDC by 6.6% during the 4th quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock worth $49,791,000 after purchasing an additional 224,142 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 2.4%

NASDAQ GBDC traded up $0.29 on Monday, reaching $12.28. The stock had a trading volume of 2,670,836 shares, compared to its average volume of 2,604,258. 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 stock has a fifty day moving average price of $13.17 and a two-hundred day moving average price of $13.78. Golub Capital BDC has a 12-month low of $11.77 and a 12-month high of $15.63. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 9.82 and a beta of 0.45.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The business 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 period in the previous year, the firm posted $0.42 earnings per share. As a group, sell-side analysts forecast that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 10.7%. Golub Capital BDC’s dividend payout ratio is 124.80%.

Golub Capital BDC Company 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.