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

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 9,673,229 shares, a growth of 57.4% from the January 29th total of 6,146,412 shares. Currently, 3.7% of the company’s stock are short sold. 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. Currently, 3.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

GBDC has been the subject of several analyst reports. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Capital One Financial set a $15.00 price target on shares of Golub Capital BDC in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC currently has an average rating of “Buy” and a consensus price target of $14.38.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently modified their holdings of the company. Comprehensive Money Management Services LLC grew its holdings in shares of Golub Capital BDC by 7.8% in the third quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock worth $171,000 after acquiring an additional 900 shares during the period. Colton Groome Financial Advisors LLC lifted its holdings in Golub Capital BDC by 9.0% in the third quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 913 shares during the period. Anchor Investment Management LLC boosted its position in Golub Capital BDC by 0.4% in the second quarter. Anchor Investment Management LLC now owns 280,435 shares of the investment management company’s stock worth $4,108,000 after purchasing an additional 1,012 shares during the last quarter. Truist Financial Corp grew its stake in shares of Golub Capital BDC by 5.6% during the 3rd quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 1,035 shares during the period. Finally, Keel Point LLC grew its stake in shares of Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after purchasing an additional 1,039 shares during the period. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $11.99 on Friday. Golub Capital BDC has a one year low of $11.95 and a one year high of $15.74. The stock has a 50-day moving average of $13.17 and a 200 day moving average of $13.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 9.59 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. The business had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter in the prior year, the business earned $0.42 EPS. On average, sell-side analysts forecast that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

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

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.