HighTower Advisors LLC Reduces Holdings in Golub Capital BDC, Inc. $GBDC

HighTower Advisors LLC reduced its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,298,330 shares of the investment management company’s stock after selling 230,937 shares during the period. HighTower Advisors LLC owned approximately 0.87% of Golub Capital BDC worth $31,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GBDC. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Golub Capital BDC by 5.7% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 83,653 shares of the investment management company’s stock worth $1,135,000 after acquiring an additional 4,525 shares in the last quarter. Hirtle Callaghan & Co LLC grew its stake in Golub Capital BDC by 8.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 1,007,242 shares of the investment management company’s stock valued at $13,668,000 after purchasing an additional 77,276 shares in the last quarter. Shade Tree Advisors LLC grew its stake in Golub Capital BDC by 44.1% during the 4th quarter. Shade Tree Advisors LLC now owns 48,369 shares of the investment management company’s stock valued at $656,000 after purchasing an additional 14,804 shares in the last quarter. Advisor OS LLC increased its holdings in Golub Capital BDC by 2.8% during the 4th quarter. Advisor OS LLC now owns 208,861 shares of the investment management company’s stock worth $2,834,000 after purchasing an additional 5,662 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new position in shares of Golub Capital BDC in the 4th quarter valued at approximately $382,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Shares of GBDC opened at $12.89 on Friday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 16.74 and a beta of 0.41. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $15.63. The stock has a 50 day moving average of $12.90 and a 200-day moving average of $13.20.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of ($5.28) million for the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same quarter last year, the business earned $0.30 earnings per share. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GBDC. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Zacks Research lowered Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Golub Capital BDC Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.