Captrust Financial Advisors Lowers Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Captrust Financial Advisors reduced its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 499,739 shares of the investment management company’s stock after selling 8,525 shares during the quarter. Captrust Financial Advisors’ holdings in Golub Capital BDC were worth $7,551,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC increased its stake in shares of Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,355 shares during the last quarter. Allworth Financial LP increased its position in 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. Cove Street Capital LLC purchased a new position in Golub Capital BDC during the second quarter worth approximately $39,000. Quarry LP acquired a new position in shares of Golub Capital BDC in the 2nd quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at $71,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the acquisition, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. This represents a 1.01 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday. Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Wells Fargo & Company reduced their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Trading Down 0.5 %

Shares of GBDC opened at $15.59 on Tuesday. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The stock’s 50-day moving average is $15.26 and its two-hundred day moving average is $15.37. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. The stock has a market cap of $4.12 billion, a PE ratio of 11.06 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

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.