Ocean Park Asset Management LLC Takes Position in Golub Capital BDC, Inc. $GBDC

Ocean Park Asset Management LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDCFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,973 shares of the investment management company’s stock, valued at approximately $924,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of Golub Capital BDC during the 3rd quarter worth approximately $77,000. Clearstead Advisors LLC boosted its stake in Golub Capital BDC by 48.6% during the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after acquiring an additional 1,941 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Golub Capital BDC by 104.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after purchasing an additional 3,287 shares during the period. Allworth Financial LP grew its holdings in Golub Capital BDC by 213.5% in the third quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after purchasing an additional 4,680 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Golub Capital BDC in the fourth quarter valued at $109,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Zacks Research lowered Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

View Our Latest Research Report on GBDC

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $12.35 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a 50-day moving average of $13.09 and a 200-day moving average of $13.07. The company has a market cap of $3.22 billion, a PE ratio of 16.04 and a beta of 0.39. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $15.63.

Golub Capital BDC (NASDAQ:GBDCGet Free Report) last posted its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The business had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter in the prior year, the company earned $0.30 EPS. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.7%. Golub Capital BDC’s dividend payout ratio is 171.43%.

Golub Capital BDC Company Profile

(Free Report)

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.

See Also

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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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