MAS Advisors LLC Sells 2,469 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

MAS Advisors LLC lessened its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,374 shares of the investment management company’s stock after selling 2,469 shares during the quarter. MAS Advisors LLC’s holdings in Golub Capital BDC were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GBDC. Relative Value Partners Group LLC raised its position in Golub Capital BDC by 1.1% in the first quarter. Relative Value Partners Group LLC now owns 397,368 shares of the investment management company’s stock worth $5,388,000 after purchasing an additional 4,157 shares in the last quarter. Veritable L.P. raised its holdings in shares of Golub Capital BDC by 5.4% in the 1st quarter. Veritable L.P. now owns 406,983 shares of the investment management company’s stock worth $5,519,000 after buying an additional 20,886 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Golub Capital BDC by 74.2% during the 1st quarter. Cresset Asset Management LLC now owns 48,199 shares of the investment management company’s stock worth $654,000 after buying an additional 20,533 shares during the period. Stifel Financial Corp boosted its stake in Golub Capital BDC by 66.4% in the 1st quarter. Stifel Financial Corp now owns 128,903 shares of the investment management company’s stock valued at $1,748,000 after buying an additional 51,421 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Golub Capital BDC by 36.2% in the first quarter. Advisors Asset Management Inc. now owns 51,194 shares of the investment management company’s stock valued at $694,000 after acquiring an additional 13,602 shares during the period. Institutional investors and hedge funds own 40.82% of the company’s stock.

Analyst Upgrades and Downgrades

GBDC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Golub Capital BDC from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 9th. Raymond James raised shares of Golub Capital BDC from a “market perform” rating to an “outperform” rating and set a $15.50 price objective on the stock in a research note on Wednesday, August 9th. StockNews.com initiated coverage on shares of Golub Capital BDC in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Oppenheimer increased their price target on Golub Capital BDC from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $15.50.

Golub Capital BDC Trading Up 0.1 %

GBDC opened at $14.28 on Friday. Golub Capital BDC, Inc. has a 1-year low of $11.94 and a 1-year high of $15.10. The firm has a 50-day moving average price of $14.13 and a two-hundred day moving average price of $13.57. The stock has a market capitalization of $2.42 billion, a PE ratio of 14.72 and a beta of 0.61. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 7th. The investment management company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Golub Capital BDC had a net margin of 29.59% and a return on equity of 10.57%. The business had revenue of $154.72 million during the quarter, compared to analyst estimates of $151.24 million. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.73 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a Variable dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, August 31st. Golub Capital BDC’s payout ratio is currently 152.58%.

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.