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

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GBDC shares. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company dropped their price objective 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 given a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $15.05 on Monday. The firm’s 50 day moving average is $15.32 and its two-hundred day moving average is $15.30. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72. The firm has a market capitalization of $3.98 billion, a P/E ratio of 10.67 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.37%. Golub Capital BDC’s payout ratio is currently 110.64%.

Institutional Investors Weigh In On Golub Capital BDC

Several large investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its stake in shares of Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,355 shares during the period. Allworth Financial LP increased its stake in shares of 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 valued at $35,000 after acquiring an additional 1,347 shares during the period. Quarry LP acquired a new position in shares of Golub Capital BDC during the second quarter valued at approximately $61,000. Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC during the second quarter valued at approximately $71,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Golub Capital BDC during the second quarter valued at approximately $121,000. 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.