Rockefeller Capital Management L.P. Lowers Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Rockefeller Capital Management L.P. decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 23.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,073,223 shares of the investment management company’s stock after selling 958,664 shares during the period. Rockefeller Capital Management L.P. owned 1.79% of Golub Capital BDC worth $46,436,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hexagon Capital Partners LLC increased its holdings in shares of Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,355 shares during the period. Allworth Financial LP grew its stake in Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,347 shares during the last quarter. Cove Street Capital LLC bought a new position in Golub Capital BDC in the second quarter worth about $39,000. Quarry LP bought a new position in Golub Capital BDC in the second quarter worth about $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Golub Capital BDC during the second quarter valued at about $71,000. Institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GBDC. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price target 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. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost 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 approximately $29,803,300.80. This trade represents a 1.01 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.67 on Friday. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The business’s 50 day moving average price is $15.24 and its 200 day moving average price is $15.39. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The firm has a market cap of $4.14 billion, a P/E ratio of 11.11 and a beta of 0.54.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.96%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 110.64%.

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.