Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 2,580,000 shares, an increase of 7.1% from the October 31st total of 2,410,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 1.9 days.
In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 20,000 shares of the business's stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chairman now directly owns 1,998,880 shares of the company's stock, valued at $29,803,300.80. This trade represents a 1.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.01% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC raised its stake in shares of Golub Capital BDC by 171.5% in the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after purchasing an additional 1,355 shares during the last quarter. Allworth Financial LP raised its stake in Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock worth $35,000 after acquiring an additional 1,347 shares in the last quarter. Cove Street Capital LLC purchased a new position in Golub Capital BDC in the 2nd quarter valued at $39,000. Quarry LP acquired a new stake in shares of Golub Capital BDC in the 2nd quarter worth approximately $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Golub Capital BDC during the second quarter worth about $71,000. 42.38% of the stock is currently owned by institutional investors.
GBDC has been the subject of several research analyst reports. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Oppenheimer reaffirmed an "outperform" rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.40.
Get Our Latest Report on GBDC
Shares of GBDC opened at $15.59 on Tuesday. The firm has a market cap of $4.12 billion, a P/E ratio of 11.06 and a beta of 0.54. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The business has a 50-day moving average of $15.27 and a 200 day moving average of $15.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.01%. Golub Capital BDC's payout ratio is 110.64%.
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.
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