Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Declines By 8.5%

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 2,360,000 shares, a decrease of 8.5% from the November 15th total of 2,580,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is presently 1.8 days.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.05 on Monday. Golub Capital BDC has a 52-week low of $14.05 and a 52-week high of $17.72. The firm has a fifty day moving average of $15.32 and a 200-day moving average of $15.30. The firm has a market capitalization of $3.98 billion, a P/E ratio of 10.67 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 10.37%. Golub Capital BDC’s payout ratio is currently 110.64%.

Analyst Ratings Changes

GBDC has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its position in shares of Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,355 shares during the last quarter. Allworth Financial LP lifted its position in shares of Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares during the last quarter. Quarry LP bought a new position in shares of Golub Capital BDC during the second quarter worth about $61,000. Brown Brothers Harriman & Co. bought a new position in shares of Golub Capital BDC during the second quarter worth about $71,000. Finally, International Assets Investment Management LLC bought a new position in shares of Golub Capital BDC during the second quarter worth about $121,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

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.