Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Update

Golub Capital BDC, Inc. (NASDAQ:GBDC) experienced a noteworthy rise in short interest throughout December. By December 31st, the total short interest reached 3,400,000 shares, marking a 26.4% increase from the previous total of 2,690,000 shares recorded on December 15th. With an average daily trading volume of 1,230,000 shares, the current days-to-cover ratio stands at 2.8 days.

Analyst Ratings Changes

Several research firms have recently provided updates on Golub Capital BDC. On November 21st, Wells Fargo & Company revised their price target from $15.50 to $15.00, assigning an "equal weight" rating to the company. Following this, StockNews.com elevated their rating from "sell" to "hold" on November 29th. Currently, three analysts have rated the stock as a hold, while three others have issued buy ratings. According to data from MarketBeat.com, Golub Capital BDC has a consensus rating of "Moderate Buy" with an average price target of $16.40.

Golub Capital BDC Trading Activity

On Friday, shares of Golub Capital BDC saw a modest increase of 0.5%, rising by $0.07 to a price of $15.40. The trading volume for the day was 987,569 shares, which is slightly lower than the average volume of 1,096,528. Over the past year, the stock has fluctuated between a low of $14.05 and a high of $17.72. Currently, the company’s fifty day moving average is $15.25, while the 200 day moving average is $15.18. The market capitalization of Golub Capital BDC is approximately $4.07 billion, with a PE ratio of 10.92 and a beta of 0.53. The company maintains a quick ratio and current ratio of 4.73, alongside a debt-to-equity ratio of 1.15.

Dividend Announcement

The company has also recently announced a quarterly dividend, which was disbursed on December 27th. Shareholders who were on record by December 9th received a dividend payment of $0.39. This translates to an annualized dividend of $1.56, giving the stock a dividend yield of 10.13%. The ex-dividend date for this distribution was December 9th, and the current payout ratio stands at 110.64%.

Institutional Investors' Changes

In recent months, several large institutional investors have modified their holdings in Golub Capital BDC. In the fourth quarter, Janney Montgomery Scott LLC increased its stake by 30.3%, now holding 115,058 shares valued at $1,744,000 after acquiring an additional 26,764 shares. Kelleher Financial Advisors saw an impressive 130.4% increase in their stake, holding 23,052 shares worth $349,000 after adding 13,048 shares. Additionally, Simon Quick Advisors raised their holdings by 6.1%, holding 82,059 shares valued at $1,244,000. Amplius Wealth Advisors and Mandatum Life Insurance Co Ltd also increased their stakes by 4.2% and 5.1%, respectively. Overall, institutional investors and hedge funds collectively own 42.38% of Golub Capital BDC's shares.

About Golub Capital BDC

Golub Capital BDC, Inc. is a business development company and operates as an externally managed, closed-end, non-diversified management investment company. The firm specializes in investing in debt and minority equity positions in middle-market companies, which are often backed by private equity sponsors.

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