Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Increases By 7.1%

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 2,580,000 shares, an increase of 7.1% from the October 31st total of 2,410,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of Golub Capital BDC

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in Golub Capital BDC by 13.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after purchasing an additional 475,196 shares during the last quarter. Sound Income Strategies LLC lifted its position in Golub Capital BDC by 5.0% in the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after purchasing an additional 137,813 shares during the last quarter. Northeast Financial Consultants Inc lifted its position in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after purchasing an additional 544,126 shares during the last quarter. Allen Investment Management LLC lifted its position in Golub Capital BDC by 6.9% in the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after purchasing an additional 145,761 shares during the last quarter. Finally, Partners Group Holding AG lifted its position in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on shares of 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. Oppenheimer reissued an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Trading Up 0.2 %

Golub Capital BDC stock opened at $15.63 on Thursday. The firm’s 50-day moving average is $15.30 and its 200-day moving average is $15.36. 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 has a 1 year low of $14.05 and a 1 year high of $17.72. The company has a market cap of $4.13 billion, a P/E ratio of 11.09 and a beta of 0.54.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be given a $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 9.98%. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

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.