Jane Street Group LLC Sells 174,864 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Jane Street Group LLC lowered its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 70.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 74,891 shares of the investment management company’s stock after selling 174,864 shares during the period. Jane Street Group LLC’s holdings in Golub Capital BDC were worth $1,132,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its position in 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 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 purchasing an additional 1,347 shares in the last quarter. Quarry LP purchased a new position in shares of Golub Capital BDC during the second quarter valued at approximately $61,000. Brown Brothers Harriman & Co. bought a new stake in shares of Golub Capital BDC in the 2nd quarter worth approximately $71,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Golub Capital BDC in the 2nd quarter worth approximately $121,000. Institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

GBDC has been the subject of a number of recent research reports. Wells Fargo & Company lowered 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. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.25 on Monday. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a market capitalization of $4.03 billion, a P/E ratio of 10.82 and a beta of 0.54. The firm has a 50 day moving average of $15.30 and a 200 day moving average of $15.23. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.23%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 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.