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

Golub Capital BDC, Inc. (NASDAQ:GBDC) saw a significant decrease in short interest during the month of 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 days-to-cover ratio is currently 1.8 days.

Institutional Trading of Golub Capital BDC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Garden State Investment Advisory Services LLC purchased a new position in shares of Golub Capital BDC during the 3rd quarter valued at approximately $361,000. Franklin Resources Inc. raised its position in Golub Capital BDC by 32.2% during the third quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company’s stock worth $6,134,000 after acquiring an additional 98,685 shares during the period. Tidal Investments LLC lifted its holdings in Golub Capital BDC by 4.1% during the third quarter. Tidal Investments LLC now owns 76,160 shares of the investment management company’s stock valued at $1,151,000 after purchasing an additional 2,991 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Golub Capital BDC during the third quarter valued at $1,533,000. Finally, Sanctuary Advisors LLC grew its position in shares of Golub Capital BDC by 1.1% in the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after purchasing an additional 769 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $14.95 on Wednesday. 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 has a 52 week low of $14.05 and a 52 week high of $17.72. The stock’s 50-day moving average price is $15.32 and its 200-day moving average price is $15.29. The stock has a market capitalization of $3.95 billion, a PE ratio of 10.60 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 10.43%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s payout ratio is currently 110.64%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average price target 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.