Golub Capital BDC, Inc. $GBDC Shares Sold by EMC Capital Management

EMC Capital Management trimmed its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,729 shares of the investment management company’s stock after selling 4,392 shares during the quarter. EMC Capital Management’s holdings in Golub Capital BDC were worth $186,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GBDC. Allworth Financial LP increased its holdings in Golub Capital BDC by 116.8% during the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,181 shares during the last quarter. Quarry LP acquired a new stake in shares of Golub Capital BDC during the first quarter worth approximately $34,000. VSM Wealth Advisory LLC increased its stake in shares of Golub Capital BDC by 102.0% in the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock worth $39,000 after buying an additional 1,295 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in Golub Capital BDC in the second quarter valued at $41,000. Finally, MTM Investment Management LLC bought a new position in Golub Capital BDC during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $13.55 on Wednesday. The company has a market cap of $3.61 billion, a PE ratio of 9.54 and a beta of 0.47. 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 50-day simple moving average of $13.95 and a 200 day simple moving average of $14.54. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $217.84 million for the quarter, compared to analysts’ expectations of $220.54 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. Golub Capital BDC’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. On average, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Friday, December 12th. Golub Capital BDC’s dividend payout ratio is presently 109.86%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

About Golub Capital BDC

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.