Steel Grove Capital Advisors LLC Invests $2.44 Million in Golub Capital BDC, Inc. $GBDC

Steel Grove Capital Advisors LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 166,740 shares of the investment management company’s stock, valued at approximately $2,443,000. Steel Grove Capital Advisors LLC owned approximately 0.06% of Golub Capital BDC at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GBDC. Janney Montgomery Scott LLC lifted its position in shares of Golub Capital BDC by 4.2% during the first quarter. Janney Montgomery Scott LLC now owns 119,856 shares of the investment management company’s stock worth $1,815,000 after purchasing an additional 4,798 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Golub Capital BDC by 794.3% during the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company’s stock worth $91,000 after purchasing an additional 5,330 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Golub Capital BDC by 98.6% during the first quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company’s stock worth $595,000 after purchasing an additional 19,496 shares in the last quarter. New World Advisors LLC lifted its position in shares of Golub Capital BDC by 41.9% during the first quarter. New World Advisors LLC now owns 25,483 shares of the investment management company’s stock worth $386,000 after purchasing an additional 7,530 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Golub Capital BDC by 84.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 6,936 shares of the investment management company’s stock worth $105,000 after purchasing an additional 3,176 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Up 1.0%

Shares of NASDAQ GBDC opened at $14.07 on Wednesday. The company’s 50 day simple moving average is $14.26 and its 200 day simple moving average is $14.53. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The firm has a market capitalization of $3.75 billion, a P/E ratio of 9.91 and a beta of 0.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The business had revenue of $218.34 million for the quarter, compared to analyst estimates of $215.47 million. During the same period in the prior year, the business posted $0.39 earnings per share. On average, analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend was Monday, September 15th. Golub Capital BDC’s dividend payout ratio is presently 109.86%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Golub Capital BDC in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Golub Capital BDC 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.