Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Up 57.4% in February

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 9,673,229 shares, an increase of 57.4% from the January 29th total of 6,146,412 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,429,836 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily trading volume, of 3,429,836 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.7% of the shares of the company are sold short.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $11.99 on Friday. The business’s 50-day simple moving average is $13.17 and its two-hundred day simple moving average is $13.79. Golub Capital BDC has a 52 week low of $11.95 and a 52 week high of $15.74. The stock has a market cap of $3.16 billion, a PE ratio of 9.59 and a beta of 0.43. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same quarter in the prior year, the company posted $0.42 earnings per share. As a group, analysts forecast that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 11.0%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 124.80%.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP grew 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 valued at $32,000 after acquiring an additional 1,181 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at about $33,000. MTM Investment Management LLC purchased a new position in shares of Golub Capital BDC during the second quarter valued at about $41,000. First Horizon Advisors Inc. bought a new stake in shares of Golub Capital BDC in the second quarter worth about $41,000. Finally, CWM LLC lifted its position in shares of Golub Capital BDC by 13,588.0% in the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after buying an additional 3,397 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on GBDC shares. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research note on Thursday, January 15th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Golub Capital BDC currently has an average rating of “Buy” and a consensus target price of $14.38.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.