Rockefeller Capital Management L.P. Cuts Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Rockefeller Capital Management L.P. decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 23.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,073,223 shares of the investment management company’s stock after selling 958,664 shares during the period. Rockefeller Capital Management L.P.’s holdings in Golub Capital BDC were worth $46,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in Golub Capital BDC by 13.5% during the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after acquiring an additional 475,196 shares during the period. Sound Income Strategies LLC raised its position in shares of Golub Capital BDC by 5.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after purchasing an additional 137,813 shares during the last quarter. Allen Investment Management LLC raised its holdings in shares of Golub Capital BDC by 6.9% during the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after acquiring an additional 145,761 shares during the last quarter. Northeast Financial Consultants Inc lifted its position in shares of Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares in the last quarter. Finally, Partners Group Holding AG boosted its stake in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 1.7 %

NASDAQ GBDC opened at $15.67 on Friday. The business’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $15.39. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The firm has a market cap of $4.14 billion, a PE ratio of 11.11 and a beta of 0.54. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, 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 for the company in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Insider Buying and Selling at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $14.91 per share, with a total value of $298,200.00. Following the transaction, the chairman now owns 1,998,880 shares in the company, valued at $29,803,300.80. This represents a 1.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

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.