Golub Capital BDC (NASDAQ:GBDC) Sees Strong Trading Volume After Dividend Announcement

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw unusually-high trading volume on Wednesday after the company announced a dividend. Approximately 2,261,110 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 1,326,537 shares.The stock last traded at $15.19 and had previously closed at $15.67.

The newly announced dividend which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.11%. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

Wall Street Analysts Forecast Growth

GBDC has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Trading Up 0.8 %

The stock has a market capitalization of $4.08 billion, a P/E ratio of 10.94 and a beta of 0.54. The company has a fifty day simple moving average of $15.30 and a two-hundred day simple moving average of $15.16. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 37.78% and a return on equity of 11.86%. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.69 earnings per share for the current year.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its stake in shares of Golub Capital BDC by 171.5% in the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,355 shares during the period. Allworth Financial LP lifted its stake in Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares during the last quarter. Blue Trust Inc. lifted its stake in Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after purchasing an additional 827 shares during the last quarter. Finally, Cary Street Partners Asset Management LLC bought a new stake in Golub Capital BDC during the third quarter worth $151,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

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.