Abundance Wealth Counselors Reduces Stake in Golub Capital BDC, Inc.

Abundance Wealth Counselors has made a significant change in its investment position regarding Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report). During the fourth quarter, the firm decreased its stake by 68.8% as detailed in its latest Form 13F filing with the Securities and Exchange Commission. Following this adjustment, the fund now holds 55,685 shares of the investment management company after selling 122,813 shares during this period. The value of Abundance Wealth Counselors’ remaining holdings in Golub Capital BDC is approximately $844,000 based on the most recent reporting.

A variety of other institutional investors and hedge funds have also participated in trading shares of Golub Capital BDC. Notably, Van ECK Associates Corp increased its stake by 13.5% in the third quarter, acquiring an additional 475,196 shares. This brought its total holdings to 3,988,219 shares, valued at around $61,458,000. Similarly, Sound Income Strategies LLC expanded its holdings by 6.0% in the fourth quarter, finishing with 3,055,380 shares worth approximately $46,320,000 after buying 172,519 additional shares.

Northeast Financial Consultants Inc has shown a notable increase of 25.9% in its position during the third quarter, resulting in ownership of 2,648,321 shares valued at $40,016,000 after acquiring 544,126 additional shares. Partners Group Holding AG also significantly increased its stake by 48.2% in the third quarter, holding 1,994,663 shares worth $30,139,000 after the purchase of 648,855 shares. Lastly, Millennium Management LLC remarkably raised its stake by 1,170.6% in the second quarter, now holding 786,569 shares valued at about $12,357,000.

Currently, institutional investors collectively own 42.38% of Golub Capital BDC's stock.

Golub Capital BDC Stock Performance

As of Friday, shares of GBDC opened at $15.73, showing a slight increase of 0.6%. The company has favorable liquidity measures, showcasing a quick ratio and a current ratio of 4.73. Its market capitalization stands at approximately $4.16 billion, and it has a price-to-earnings (P/E) ratio of 11.16 along with a beta value of 0.53. Over the past 12 months, Golub Capital BDC has seen a low of $14.05 and a high of $17.72. The company's stock has a 50-day moving average price of $15.29 and a 200-day moving average of $15.16.

Recent Dividend Announcement

Golub Capital BDC has also declared its latest quarterly dividend, which was recently paid on December 27th. Investors who were on record as of December 9th received a dividend of $0.39 per share, with an ex-dividend date set for December 9th. This translates to an annualized dividend of $1.56, giving a yield of 9.92%. The company's dividend payout ratio (DPR) is currently recorded at 110.64%.

Analyst Updates

Various brokerages have provided updates on Golub Capital BDC. StockNews.com upgraded the stock from a "sell" rating to a "hold" rating as of November 29th. Meanwhile, Wells Fargo & Company reduced its price target for Golub Capital BDC from $15.50 to $15.00, maintaining an "equal weight" rating as of November 21st. At present, three analysts have rated the stock with a hold recommendation while three others have issued buy ratings. MarketBeat reports indicate that Golub Capital BDC currently holds an average rating of "Moderate Buy" with a consensus target price of $16.38.

Golub Capital BDC Overview

Golub Capital BDC, Inc. (GBDC) is categorized as a business development company and operates as an externally managed closed-end non-diversified management investment company. It focuses on investments involving debt and minority equity positions in middle-market companies, primarily those backed by private equity investors.

Conclusion

In light of these developments, potential investors should consider how the changes in holdings by institutional investors like Abundance Wealth Counselors might affect Golub Capital BDC’s future performance. The recent performance metrics and analyst opinions could provide important insights for investors looking to navigate the market effectively.

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