BlueMountain Capital Management LLC increased its stake in Golub Capital BDC Inc (NASDAQ:GBDC) by 100.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 45,980 shares of the investment management company’s stock after acquiring an additional 23,019 shares during the period. BlueMountain Capital Management LLC’s holdings in Golub Capital BDC were worth $841,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in GBDC. Massey Quick Simon & CO. LLC raised its position in Golub Capital BDC by 20.1% in the second quarter. Massey Quick Simon & CO. LLC now owns 223,911 shares of the investment management company’s stock worth $4,097,000 after acquiring an additional 37,455 shares during the period. PNC Financial Services Group Inc. raised its position in Golub Capital BDC by 310.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,715 shares of the investment management company’s stock worth $105,000 after acquiring an additional 4,324 shares during the period. Legal & General Group Plc raised its position in Golub Capital BDC by 9.6% in the second quarter. Legal & General Group Plc now owns 236,800 shares of the investment management company’s stock worth $4,336,000 after acquiring an additional 20,646 shares during the period. Frontier Investment Mgmt Co. raised its position in Golub Capital BDC by 6.1% in the second quarter. Frontier Investment Mgmt Co. now owns 871,431 shares of the investment management company’s stock worth $15,947,000 after acquiring an additional 49,779 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in Golub Capital BDC in the second quarter worth approximately $3,660,000. 36.95% of the stock is owned by institutional investors.
GBDC has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. BidaskClub upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Saturday, May 26th. Finally, National Securities restated a “buy” rating and set a $21.00 price objective on shares of Golub Capital BDC in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.67.
Shares of GBDC stock opened at $18.64 on Friday. The firm has a market cap of $1.12 billion, a PE ratio of 14.91, a PEG ratio of 7.36 and a beta of 0.60. Golub Capital BDC Inc has a one year low of $17.35 and a one year high of $19.47. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.22 and a current ratio of 2.22.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, August 8th. The investment management company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $38.40 million for the quarter, compared to the consensus estimate of $36.81 million. Golub Capital BDC had a net margin of 60.34% and a return on equity of 7.92%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. equities analysts forecast that Golub Capital BDC Inc will post 1.27 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.28 annualized dividend and a dividend yield of 6.87%. Golub Capital BDC’s payout ratio is 102.40%.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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