Brown Advisory Inc. Sells 179,108 Shares of Golub Capital BDC, Inc. $GBDC

Brown Advisory Inc. trimmed its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 60.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,246 shares of the investment management company’s stock after selling 179,108 shares during the period. Brown Advisory Inc.’s holdings in Golub Capital BDC were worth $1,747,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Allworth Financial LP boosted its stake in Golub Capital BDC by 116.8% during the second quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after acquiring an additional 1,181 shares in the last quarter. Quarry LP acquired a new position in shares of Golub Capital BDC during the first quarter valued at about $34,000. First Horizon Advisors Inc. acquired a new position in shares of Golub Capital BDC during the second quarter valued at about $41,000. MTM Investment Management LLC bought a new position in shares of Golub Capital BDC during the 2nd quarter worth about $41,000. Finally, SVB Wealth LLC acquired a new stake in shares of Golub Capital BDC in the 1st quarter valued at about $50,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $14.37 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23. The stock has a market cap of $3.79 billion, a PE ratio of 10.12 and a beta of 0.43. The stock’s fifty day simple moving average is $13.93 and its two-hundred day simple moving average is $14.46. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The firm had revenue of $217.84 million during the quarter, compared to analyst estimates of $220.54 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was down .2% compared to the same quarter last year. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Friday, December 12th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 109.86%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GBDC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.83.

Golub Capital BDC Company Profile

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.