Atria Wealth Solutions Inc. Sells 2,119 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Atria Wealth Solutions Inc. lowered its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,081 shares of the investment management company’s stock after selling 2,119 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Golub Capital BDC were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in shares of Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after buying an additional 533,895 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Golub Capital BDC by 6.0% during the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after buying an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc boosted its holdings in shares of Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after buying an additional 544,126 shares in the last quarter. Partners Group Holding AG boosted its holdings in shares of Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Golub Capital BDC by 10.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company’s stock valued at $10,769,000 after buying an additional 65,167 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC opened at $15.67 on Friday. The stock has a 50-day moving average price of $15.46 and a 200-day moving average price of $15.23. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market cap of $4.16 billion, a PE ratio of 11.36 and a beta of 0.54. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

Analyst Upgrades and Downgrades

GBDC has been the topic of a number of research reports. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.38.

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.