Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 90.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,120 shares of the investment management company’s stock after selling 30,563 shares during the quarter. Quantbot Technologies LP’s holdings in Golub Capital BDC were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Advisors LLC purchased a new position in shares of Golub Capital BDC during the first quarter worth $995,000. Simplicity Wealth LLC acquired a new position in Golub Capital BDC during the 2nd quarter worth approximately $192,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Golub Capital BDC in the 2nd quarter valued at approximately $328,000. Shikiar Asset Management Inc. lifted its position in shares of Golub Capital BDC by 0.9% during the 2nd quarter. Shikiar Asset Management Inc. now owns 412,980 shares of the investment management company’s stock worth $6,488,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its stake in shares of Golub Capital BDC by 15.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 48,129 shares of the investment management company’s stock worth $756,000 after purchasing an additional 6,338 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.7 %

Golub Capital BDC stock opened at $15.46 on Friday. The company has a market capitalization of $4.09 billion, a P/E ratio of 10.96 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The stock has a 50-day simple moving average of $15.32 and a 200-day simple moving average of $15.35.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.09%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s payout ratio is currently 110.64%.

Analyst Ratings Changes

A number of research firms have weighed in on GBDC. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company dropped 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 note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

About Golub Capital BDC

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.