Fieldview Capital Management LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 59,496 shares of the investment management company’s stock, valued at approximately $807,000.
Several other large investors have also recently bought and sold shares of GBDC. Royal Bank of Canada boosted its position in Golub Capital BDC by 41.4% during the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after purchasing an additional 38,534 shares during the last quarter. NewEdge Advisors LLC boosted its position in Golub Capital BDC by 19.7% during the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 7,178 shares during the last quarter. Empowered Funds LLC boosted 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 valued at $415,000 after purchasing an additional 15,988 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Golub Capital BDC during the first quarter valued at approximately $6,491,000. Finally, Focus Partners Wealth boosted 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 purchasing an additional 6,658 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently commented on GBDC. Zacks Research cut Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Royal Bank Of Canada cut their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.
Golub Capital BDC Stock Down 4.3%
Golub Capital BDC stock opened at $12.72 on Tuesday. The stock has a market cap of $3.31 billion, a P/E ratio of 16.52 and a beta of 0.39. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.63. The company’s 50-day moving average price is $13.11 and its two-hundred day moving average price is $13.12.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company 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 quarter last year, the business earned $0.30 earnings per share. As a group, analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.
Golub Capital BDC Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) 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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