Border to Coast Pensions Partnership Ltd Sells 175,000 Shares of Golub Capital BDC, Inc. $GBDC

Border to Coast Pensions Partnership Ltd lowered its position in Golub Capital BDC, Inc. (NASDAQ:GBDCFree Report) by 21.9% during the first quarter, Holdings Channel reports. The firm owned 625,000 shares of the investment management company’s stock after selling 175,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Golub Capital BDC were worth $7,937,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GBDC. Advisory Services Network LLC acquired a new stake in shares of Golub Capital BDC during the third quarter worth $77,000. Clearstead Advisors LLC raised 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 buying an additional 1,941 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 valued at $87,000 after buying an additional 3,287 shares during the period. Allworth Financial LP lifted 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 valued at $94,000 after buying an additional 4,680 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at $109,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Up 1.5%

Shares of NASDAQ GBDC opened at $12.59 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.28 billion, a PE ratio of 16.35 and a beta of 0.39. The company’s fifty day simple moving average is $13.04 and its 200 day simple moving average is $13.02. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63.

Golub Capital BDC (NASDAQ:GBDCGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The company had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. During the same period last year, the firm posted $0.30 earnings per share. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced 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 is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.5%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Ratings Changes

A number of brokerages have weighed in on GBDC. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Royal Bank Of Canada dropped their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday. Zacks Research cut Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. 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 company’s stock. According to data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Get Our Latest Report on Golub Capital BDC

About Golub Capital BDC

(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

Want to see what other hedge funds are holding GBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golub Capital BDC, Inc. (NASDAQ:GBDCFree Report).

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

Receive News & Ratings for Golub Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.