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

Brown Advisory Inc. cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 60.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GBDC. Allworth Financial LP raised its position in shares of 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 purchasing an additional 1,181 shares during the period. Quarry LP bought a new stake in Golub Capital BDC in the 1st quarter valued at approximately $34,000. First Horizon Advisors Inc. acquired a new position in Golub Capital BDC during the second quarter worth $41,000. MTM Investment Management LLC acquired a new position in shares of Golub Capital BDC during the 2nd quarter worth about $41,000. Finally, SVB Wealth LLC acquired a new position in Golub Capital BDC during the first quarter valued at approximately $50,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $14.37 on Thursday. The stock has a 50-day moving average price of $13.93 and a two-hundred day moving average price of $14.46. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The company has a market capitalization of $3.79 billion, a PE ratio of 10.12 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $220.54 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was down .2% on a year-over-year basis. Analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be paid a $0.39 dividend. 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 payout ratio is currently 109.86%.

Analysts Set New Price Targets

GBDC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut 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 note on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday. Finally, Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.83.

Golub Capital BDC 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.