Closed End Fund Advisors Inc. purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) in the fourth quarter, Holdings Channel reports. The firm purchased 417,665 shares of the investment management company’s stock, valued at approximately $5,668,000. Golub Capital BDC accounts for 3.3% of Closed End Fund Advisors Inc.’s holdings, making the stock its 3rd largest position.
A number of other large investors have also recently modified their holdings of GBDC. Truist Financial Corp raised its stake in Golub Capital BDC by 5.6% in the third quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock worth $268,000 after buying an additional 1,035 shares in the last quarter. Keel Point LLC raised its stake in Golub Capital BDC by 2.7% in the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after buying an additional 1,039 shares in the last quarter. Beverly Hills Private Wealth LLC raised its stake in Golub Capital BDC by 6.2% in the third quarter. Beverly Hills Private Wealth LLC now owns 20,516 shares of the investment management company’s stock worth $281,000 after buying an additional 1,200 shares in the last quarter. Mackenzie Financial Corp raised its stake in Golub Capital BDC by 3.8% in the third quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock worth $585,000 after buying an additional 1,557 shares in the last quarter. Finally, Family Wealth Partners LLC raised its stake in Golub Capital BDC by 3.2% in the fourth quarter. Family Wealth Partners LLC now owns 54,554 shares of the investment management company’s stock worth $740,000 after buying an additional 1,688 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on GBDC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Oppenheimer reissued an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.
Golub Capital BDC Stock Performance
Shares of GBDC stock opened at $13.04 on Friday. The business’s fifty day simple moving average is $13.05 and its 200-day simple moving average is $13.14. The company has a market cap of $3.40 billion, a PE ratio of 16.94 and a beta of 0.39. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period in the previous year, the company posted $0.30 earnings per share. Analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.
Golub Capital BDC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. Golub Capital BDC’s dividend payout ratio is presently 171.43%.
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.
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