Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 82.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,162 shares of the investment management company’s stock after selling 10,000 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Golub Capital BDC were worth $33,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Citigroup Inc. raised its stake in Golub Capital BDC by 1.7% in the 3rd quarter. Citigroup Inc. now owns 342,728 shares of the investment management company’s stock valued at $5,179,000 after purchasing an additional 5,612 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Golub Capital BDC during the third quarter worth about $3,486,000. The Manufacturers Life Insurance Company raised its position in shares of Golub Capital BDC by 70.0% in the third quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company’s stock valued at $909,000 after buying an additional 24,780 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Golub Capital BDC by 12.6% during the third quarter. D.A. Davidson & CO. now owns 251,132 shares of the investment management company’s stock valued at $3,795,000 after buying an additional 28,031 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Golub Capital BDC by 517.9% during the third quarter. BNP Paribas Financial Markets now owns 86,043 shares of the investment management company’s stock worth $1,300,000 after acquiring an additional 72,117 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.37 on Friday. The business’s 50-day moving average is $15.40 and its 200-day moving average is $15.26. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 11.14 and a beta of 0.50. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 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%. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.15%. Golub Capital BDC’s dividend payout ratio is 113.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Hold” and a consensus target price of $16.17.

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.