JPMorgan Chase & Co. Sells 20,946 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

JPMorgan Chase & Co. lowered its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 2,336,309 shares of the investment management company’s stock after selling 20,946 shares during the period. JPMorgan Chase & Co.’s holdings in Golub Capital BDC were worth $35,302,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Hexagon Capital Partners LLC boosted its stake in shares of Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after acquiring an additional 1,355 shares during the period. Allworth Financial LP lifted its holdings in Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,347 shares during the last quarter. Quarry LP bought a new position in Golub Capital BDC during the second quarter worth $61,000. Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC in the second quarter valued at $71,000. Finally, Cary Street Partners Asset Management LLC bought a new position in shares of Golub Capital BDC in the third quarter valued at about $151,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analysts Set New Price Targets

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

Golub Capital BDC Stock Down 1.1 %

Shares of NASDAQ GBDC opened at $15.14 on Tuesday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 10.74 and a beta of 0.54. The stock’s fifty day moving average is $15.27 and its 200 day moving average is $15.21. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

Golub Capital BDC 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.