HighTower Advisors LLC boosted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) by 4.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,345,885 shares of the investment management company’s stock after purchasing an additional 299,240 shares during the quarter. HighTower Advisors LLC’s holdings in Golub Capital BDC were worth $94,615,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of GBDC. Royal Bank of Canada boosted its holdings in shares of Golub Capital BDC by 41.4% in the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after buying an additional 38,534 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Golub Capital BDC by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after acquiring an additional 7,178 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Golub Capital BDC by 140.0% during the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after acquiring an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Golub Capital BDC during the first quarter valued at approximately $6,491,000. Finally, Focus Partners Wealth lifted its position in Golub Capital BDC by 24.9% during the first quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 6,658 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $13.90.
Golub Capital BDC Price Performance
Golub Capital BDC stock opened at $13.00 on Monday. The business’s 50-day simple moving average is $13.01 and its two-hundred day simple moving average is $12.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $3.38 billion, a PE ratio of 20.00 and a beta of 0.39. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.85.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same period last year, the business posted $0.39 earnings per share. Equities analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.
Golub Capital BDC Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.2%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is presently 203.08%.
Insider Activity at Golub Capital BDC
In related news, Director Lawrence Golub sold 1,676,387 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.
Golub Capital BDC Profile
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.
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