Allen Investment Management LLC Sells 103,576 Shares of Golub Capital BDC, Inc. $GBDC

Allen Investment Management LLC decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,069,890 shares of the investment management company’s stock after selling 103,576 shares during the period. Allen Investment Management LLC’s holdings in Golub Capital BDC were worth $55,228,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Main Street Group LTD acquired a new stake in shares of Golub Capital BDC during the third quarter worth about $51,000. Advisory Services Network LLC bought a new stake in Golub Capital BDC in the 3rd quarter valued at $77,000. Clearstead Advisors LLC raised its stake in shares of Golub Capital BDC by 48.6% in the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after purchasing an additional 1,941 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Golub Capital BDC by 104.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,287 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of Golub Capital BDC by 213.5% during the third quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after buying an additional 4,680 shares during the period. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $13.36 on Tuesday. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $15.63. The company has a market cap of $3.48 billion, a P/E ratio of 17.35 and a beta of 0.39. The firm’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $13.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same quarter in the prior year, the business posted $0.30 EPS. Equities analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio is currently 171.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GBDC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Royal Bank Of Canada decreased their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.00.

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.