Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Update

by · The Cerbat Gem

Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,690,000 shares, an increase of 14.0% from the November 30th total of 2,360,000 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of Golub Capital BDC

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their target price 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 raised shares of 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.40.

Get Our Latest Analysis on Golub Capital BDC

Golub Capital BDC Stock Up 0.3 %

NASDAQ GBDC traded up $0.04 during trading hours on Wednesday, reaching $15.16. 1,162,759 shares of the company traded hands, compared to its average volume of 1,186,567. The company has a 50 day moving average of $15.29 and a two-hundred day moving average of $15.22. The stock has a market capitalization of $4.01 billion, a PE ratio of 10.75 and a beta of 0.54. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.29%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

About Golub Capital BDC

(Get Free Report)

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.

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