Redhawk Wealth Advisors Inc. Sells 7,591 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Redhawk Wealth Advisors Inc. lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,643 shares of the investment management company’s stock after selling 7,591 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Golub Capital BDC were worth $692,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Golub Capital BDC by 13.5% in the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after buying an additional 475,196 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Golub Capital BDC by 5.0% in the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after acquiring an additional 137,813 shares during the last quarter. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after purchasing an additional 544,126 shares in the last quarter. Partners Group Holding AG boosted its holdings in shares of Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Golub Capital BDC by 1,170.6% during the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after purchasing an additional 724,662 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GBDC shares. Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three 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 an average target price of $16.40.

Golub Capital BDC Stock Up 0.5 %

Shares of NASDAQ:GBDC opened at $15.33 on Friday. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 10.87 and a beta of 0.53. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $15.25 and a 200 day moving average price of $15.18.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.18%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

Golub Capital BDC Company Profile

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.