Prairiewood Capital LLC Trims Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Prairiewood Capital LLC trimmed its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 310,700 shares of the investment management company’s stock after selling 6,929 shares during the period. Golub Capital BDC comprises 2.0% of Prairiewood Capital LLC’s holdings, making the stock its 14th biggest holding. Prairiewood Capital LLC owned about 0.12% of Golub Capital BDC worth $4,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GBDC. Mandatum Life Insurance Co Ltd lifted its holdings in shares of Golub Capital BDC by 5.1% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 40,816 shares of the investment management company’s stock worth $619,000 after buying an additional 1,997 shares during the period. HB Wealth Management LLC raised its holdings in shares of Golub Capital BDC by 7.5% in the fourth quarter. HB Wealth Management LLC now owns 253,913 shares of the investment management company’s stock valued at $3,849,000 after acquiring an additional 17,764 shares in the last quarter. Shikiar Asset Management Inc. lifted its stake in Golub Capital BDC by 1.5% in the fourth quarter. Shikiar Asset Management Inc. now owns 455,730 shares of the investment management company’s stock worth $6,909,000 after acquiring an additional 6,650 shares during the period. RDA Financial Network grew its holdings in Golub Capital BDC by 9.4% during the 4th quarter. RDA Financial Network now owns 34,312 shares of the investment management company’s stock worth $520,000 after acquiring an additional 2,944 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Golub Capital BDC by 4.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 245,619 shares of the investment management company’s stock valued at $3,724,000 after purchasing an additional 9,509 shares during the period. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Trading Up 0.5 %

NASDAQ:GBDC opened at $15.40 on Tuesday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 10.92 and a beta of 0.53. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. 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 50 day moving average of $15.25 and a 200 day moving average of $15.17.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a $0.39 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.13%. Golub Capital BDC’s payout ratio is 110.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GBDC shares. Wells Fargo & Company lowered their price target 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. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.40.

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.