Tred Avon Family Wealth LLC Invests $3.28 Million in Golub Capital BDC, Inc. $GBDC

Tred Avon Family Wealth LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 239,526 shares of the investment management company’s stock, valued at approximately $3,279,000. Golub Capital BDC accounts for about 1.1% of Tred Avon Family Wealth LLC’s portfolio, making the stock its 15th biggest holding. Tred Avon Family Wealth LLC owned about 0.09% of Golub Capital BDC at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its position in 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 worth $1,991,000 after purchasing an additional 38,534 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Golub Capital BDC by 19.7% in the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after buying an additional 7,178 shares during the period. Empowered Funds LLC grew its position in Golub Capital BDC by 140.0% during the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after buying an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Golub Capital BDC during the first quarter valued at about $6,491,000. Finally, Focus Partners Wealth raised its holdings in Golub Capital BDC by 24.9% in the 1st 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 in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Down 0.9%

Shares of NASDAQ GBDC opened at $13.82 on Friday. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.90 and a current ratio of 1.90. The business has a fifty day moving average of $13.78 and a two-hundred day moving average of $14.24. The stock has a market cap of $3.64 billion, a PE ratio of 9.73 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last announced 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 business had revenue of $217.84 million during the quarter, compared to analysts’ expectations of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were given a dividend of $0.39 per share. The ex-dividend date was Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a yield of 11.3%. Golub Capital BDC’s dividend payout ratio is 109.86%.

Analyst Ratings Changes

GBDC has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday. Finally, Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $14.88.

Golub Capital BDC Company 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.