Nicholas Hoffman & Company LLC. Sells 4,026 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Nicholas Hoffman & Company LLC. lessened its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,505 shares of the investment management company’s stock after selling 4,026 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Golub Capital BDC were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after buying an additional 1,347 shares in the last quarter. Blue Trust Inc. lifted its stake in Golub Capital BDC by 413.1% during 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 last quarter. Cary Street Partners Asset Management LLC acquired a new stake in shares of Golub Capital BDC in the 3rd quarter valued at $151,000. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC in the 4th quarter valued at $160,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Golub Capital BDC in the 3rd quarter valued at $162,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.93 on Tuesday. The firm has a fifty day simple moving average of $15.33 and a 200 day simple moving average of $15.17. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a quick ratio of 4.73, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.23 billion, a PE ratio of 11.54 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last issued its 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%. On average, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.62 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.79%. Golub Capital BDC’s payout ratio is presently 113.04%.

Wall Street Analysts Forecast Growth

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