Golub Capital BDC, Inc. (NASDAQ:GBDC) Sees Significant Growth in Short Interest

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,850,000 shares, a growth of 9.1% from the March 15th total of 3,530,000 shares. Based on an average daily trading volume, of 887,100 shares, the days-to-cover ratio is presently 4.3 days. Approximately 2.3% of the shares of the stock are sold short.

Golub Capital BDC Trading Up 0.4 %

Shares of NASDAQ:GBDC traded up $0.06 during mid-day trading on Wednesday, reaching $16.63. 187,840 shares of the company’s stock were exchanged, compared to its average volume of 860,955. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.10 and a beta of 0.57. Golub Capital BDC has a twelve month low of $12.77 and a twelve month high of $16.83. The business’s fifty day moving average price is $16.02 and its 200-day moving average price is $15.29. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. The company had revenue of $164.77 million during the quarter, compared to the consensus estimate of $160.93 million. On average, research analysts predict that Golub Capital BDC will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 14th. Golub Capital BDC’s payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GBDC. StockNews.com lowered shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, March 25th. Wells Fargo & Company raised their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Raymond James upped their target price on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned 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 an average price target of $16.40.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Golub Capital BDC during the first quarter valued at $38,000. Sound Income Strategies LLC grew its stake in Golub Capital BDC by 4.6% during the first quarter. Sound Income Strategies LLC now owns 2,661,937 shares of the investment management company’s stock worth $44,268,000 after purchasing an additional 116,366 shares during the period. First Affirmative Financial Network bought a new position in shares of Golub Capital BDC during the 1st quarter worth approximately $173,000. Neville Rodie & Shaw Inc. grew its position in shares of Golub Capital BDC by 1.2% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock worth $895,000 after buying an additional 622 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in shares of Golub Capital BDC in the 1st quarter valued at $5,509,000. 42.38% of the stock is owned by institutional investors.

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.