Golub Capital BDC Inc (NASDAQ:GBDC) Sees Significant Decrease in Short Interest

Golub Capital BDC Inc (NASDAQ:GBDC) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 1,678,600 shares, a decrease of 5.2% from the April 30th total of 1,771,100 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily volume of 182,200 shares, the short-interest ratio is currently 9.2 days.

GBDC stock traded up $0.20 during mid-day trading on Friday, reaching $17.97. 132,894 shares of the stock traded hands, compared to its average volume of 184,786. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 3.08. Golub Capital BDC has a 52 week low of $16.21 and a 52 week high of $19.89. The stock has a 50-day simple moving average of $17.67. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 6.97 and a beta of 0.64.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, May 8th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 46.15% and a return on equity of 8.03%. The company had revenue of $41.81 million during the quarter, compared to analysts’ expectations of $45.09 million. During the same period in the prior year, the company earned $0.32 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts predict that Golub Capital BDC will post 1.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend was Thursday, June 6th. Golub Capital BDC’s dividend payout ratio (DPR) is 99.22%.

GBDC has been the subject of a number of recent research reports. National Securities reiterated a “sell” rating and issued a $4.00 price objective on shares of Prospect Capital in a report on Monday, May 13th. BidaskClub cut shares of Zynga from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBDC. JPMorgan Chase & Co. increased its position in Golub Capital BDC by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 86,672 shares of the investment management company’s stock valued at $1,624,000 after acquiring an additional 35,097 shares during the period. California Public Employees Retirement System increased its position in Golub Capital BDC by 217.0% in the 4th quarter. California Public Employees Retirement System now owns 86,927 shares of the investment management company’s stock valued at $1,433,000 after acquiring an additional 59,505 shares during the period. Cliffwater LLC increased its position in Golub Capital BDC by 43.0% in the 4th quarter. Cliffwater LLC now owns 572,818 shares of the investment management company’s stock valued at $9,446,000 after acquiring an additional 172,162 shares during the period. Raymond James & Associates increased its position in Golub Capital BDC by 8.8% in the 4th quarter. Raymond James & Associates now owns 107,078 shares of the investment management company’s stock valued at $1,766,000 after acquiring an additional 8,693 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in Golub Capital BDC by 19.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 81,635 shares of the investment management company’s stock valued at $1,514,000 after acquiring an additional 13,140 shares during the period. Institutional investors and hedge funds own 37.03% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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