Golub Capital BDC, Inc. (NASDAQ:GBDC) Sees Significant Increase in Short Interest

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 5,720,000 shares, an increase of 21.4% from the March 15th total of 4,710,000 shares. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.2% of the shares of the company are short sold.

Golub Capital BDC Trading Up 2.6 %

Shares of GBDC stock traded up $0.36 during mid-day trading on Friday, reaching $14.13. The stock had a trading volume of 1,258,379 shares, compared to its average volume of 1,411,065. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock's 50-day moving average price is $14.89 and its two-hundred day moving average price is $15.16. The firm has a market capitalization of $3.75 billion, a PE ratio of 10.24 and a beta of 0.33. Golub Capital BDC has a 52-week low of $12.68 and a 52-week high of $17.72.

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

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.04%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's dividend payout ratio is currently 113.04%.

Institutional Investors Weigh In On Golub Capital BDC

Several hedge funds have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after purchasing an additional 1,921 shares during the period. Future Financial Wealth Managment LLC increased its position in Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after buying an additional 1,690 shares in the last quarter. Optiver Holding B.V. raised its stake in Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after buying an additional 688 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after acquiring an additional 827 shares in the last quarter. Finally, Hurley Capital LLC bought a new position in shares of Golub Capital BDC during the fourth quarter valued at $50,000. 42.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $15.83.

Check Out Our Latest Stock Analysis on GBDC

Golub Capital BDC Company 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.

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