Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Declines By 8.5%

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,360,000 shares, a decline of 8.5% from the November 15th total of 2,580,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On Golub Capital BDC

Several institutional investors have recently added to or reduced their stakes in the business. Garden State Investment Advisory Services LLC acquired a new position in shares of Golub Capital BDC during the third quarter valued at about $361,000. Franklin Resources Inc. increased its stake in Golub Capital BDC by 32.2% during the 3rd quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company’s stock valued at $6,134,000 after purchasing an additional 98,685 shares in the last quarter. Tidal Investments LLC increased its stake in Golub Capital BDC by 4.1% during the 3rd quarter. Tidal Investments LLC now owns 76,160 shares of the investment management company’s stock valued at $1,151,000 after purchasing an additional 2,991 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Golub Capital BDC in the third quarter worth $1,533,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Golub Capital BDC by 1.1% during the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock worth $1,101,000 after buying an additional 769 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $14.95 on Wednesday. The firm’s fifty day simple moving average is $15.32 and its two-hundred day simple moving average is $15.29. The firm has a market capitalization of $3.95 billion, a P/E ratio of 10.60 and a beta of 0.54. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.43%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Wall Street Analyst Weigh In

Several analysts have issued reports on GBDC shares. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and an average price target of $16.40.

About Golub Capital BDC

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.