Sumitomo Mitsui Trust Holdings Inc. Reduces Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 582,364 shares of the investment management company’s stock after selling 6,919 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.34% of Golub Capital BDC worth $8,794,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GBDC. Private Trust Co. NA raised its stake in Golub Capital BDC by 1,005.0% in the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after buying an additional 2,000 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Golub Capital BDC in the fourth quarter worth about $156,000. Kelleher Financial Advisors raised its stake in Golub Capital BDC by 16.2% in the third quarter. Kelleher Financial Advisors now owns 11,786 shares of the investment management company’s stock worth $173,000 after buying an additional 1,640 shares in the last quarter. NBT Bank N A NY bought a new position in Golub Capital BDC in the third quarter worth about $180,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Golub Capital BDC in the third quarter worth about $183,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Trading Up 0.6 %

Shares of GBDC stock opened at $17.21 on Wednesday. Golub Capital BDC, Inc. has a 12-month low of $12.77 and a 12-month high of $17.27. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $16.13 and its 200 day moving average is $15.37. The stock has a market capitalization of $2.95 billion, a P/E ratio of 9.46 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The company had revenue of $164.77 million during the quarter, compared to analysts’ expectations of $160.93 million. Research analysts expect that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 9.06%. The ex-dividend date of this dividend is Wednesday, May 1st. Golub Capital BDC’s dividend payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GBDC. StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Raymond James raised their price target on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. Bank of America raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, March 25th. Finally, Wells Fargo & Company raised their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

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.