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

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,400,000 shares, an increase of 26.4% from the December 15th total of 2,690,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company lowered their target price 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Hedge Funds Weigh In On Golub Capital BDC

Several large investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC raised its position in 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 in the last quarter. Allworth Financial LP raised its position in 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 in the last quarter. Quarry LP bought a new position in Golub Capital BDC during the second quarter valued at approximately $61,000. Brown Brothers Harriman & Co. bought a new position in Golub Capital BDC during the second quarter valued at approximately $71,000. Finally, Cary Street Partners Asset Management LLC bought a new position in Golub Capital BDC during the third quarter valued at approximately $151,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded up $0.07 during trading hours on Friday, hitting $15.40. 987,569 shares of the company’s stock traded hands, compared to its average volume of 1,096,528. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The company’s fifty day simple moving average is $15.25 and its two-hundred day simple moving average is $15.18. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 10.92 and a beta of 0.53.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.13%. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

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.