Redhawk Wealth Advisors Inc. Decreases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Redhawk Wealth Advisors Inc. cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,643 shares of the investment management company’s stock after selling 7,591 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Golub Capital BDC were worth $692,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Accurate Wealth Management LLC bought a new stake in Golub Capital BDC in the 4th quarter worth approximately $491,000. Pallas Capital Advisors LLC bought a new stake in shares of Golub Capital BDC in the fourth quarter worth $427,000. Adams Asset Advisors LLC increased its position in Golub Capital BDC by 29.3% during the fourth quarter. Adams Asset Advisors LLC now owns 80,190 shares of the investment management company’s stock valued at $1,216,000 after acquiring an additional 18,172 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in Golub Capital BDC by 82.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock valued at $2,783,000 after acquiring an additional 82,787 shares during the period. Finally, Neville Rodie & Shaw Inc. boosted its position in Golub Capital BDC by 14.5% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 62,463 shares of the investment management company’s stock worth $947,000 after purchasing an additional 7,906 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Up 0.5 %

GBDC stock opened at $15.33 on Friday. The business’s 50-day moving average price is $15.25 and its 200-day moving average price is $15.18. The stock has a market cap of $4.05 billion, a P/E ratio of 10.87 and a beta of 0.53. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. 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 company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were given a $0.39 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.18%. Golub Capital BDC’s payout ratio is currently 110.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.40.

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.