Legacy Capital Wealth Partners LLC Has $1.82 Million Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Legacy Capital Wealth Partners LLC cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 41.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,800 shares of the investment management company’s stock after selling 83,430 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Golub Capital BDC were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. lifted its position in Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 664 shares during the period. Sanctuary Advisors LLC lifted its position in Golub Capital BDC by 1.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after purchasing an additional 769 shares during the period. Moors & Cabot Inc. lifted its position in Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 875 shares during the period. Mattern Wealth Management LLC lifted its position in Golub Capital BDC by 7.7% during the 4th quarter. Mattern Wealth Management LLC now owns 14,000 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 1,000 shares during the period. Finally, Allworth Financial LP raised its position in shares of Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,347 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of analyst reports. 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 research report on Thursday, November 21st. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.93 on Friday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 11.54 and a beta of 0.54. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a 50 day moving average of $15.32 and a 200-day moving average of $15.17. The company has a quick ratio of 4.73, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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%. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.62 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

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

Golub Capital BDC 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.