Rockefeller Capital Management L.P. Sells 660,109 Shares of Golub Capital BDC, Inc. $GBDC

Rockefeller Capital Management L.P. cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,311,002 shares of the investment management company’s stock after selling 660,109 shares during the period. Rockefeller Capital Management L.P. owned about 0.88% of Golub Capital BDC worth $31,360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the third quarter worth approximately $77,000. Clearstead Advisors LLC increased its position in shares of Golub Capital BDC by 48.6% during the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 1,941 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after acquiring an additional 3,287 shares during the period. Allworth Financial LP grew its position in 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 valued at $94,000 after buying an additional 4,680 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Golub Capital BDC during the 4th quarter valued at approximately $109,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Price Performance

GBDC opened at $12.35 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 16.04 and a beta of 0.39. The stock has a fifty day simple moving average of $13.09 and a two-hundred day simple moving average of $13.07. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63.

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

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.7%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Upgrades and Downgrades

GBDC has been the subject of several research reports. Oppenheimer reiterated an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Zacks Research cut Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Finally, Royal Bank Of Canada 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 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.00.

About Golub Capital BDC

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.