Golub Capital BDC, Inc. $GBDC Shares Bought by Focused Wealth Management Inc

Focused Wealth Management Inc grew its stake in Golub Capital BDC, Inc. (NASDAQ:GBDCFree Report) by 1,003.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,794 shares of the investment management company’s stock after purchasing an additional 119,849 shares during the period. Focused Wealth Management Inc’s holdings in Golub Capital BDC were worth $1,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Golub Capital BDC by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock worth $34,890,000 after buying an additional 125,881 shares in the last quarter. Van ECK Associates Corp increased its holdings in Golub Capital BDC by 9.0% in the third quarter. Van ECK Associates Corp now owns 4,843,816 shares of the investment management company’s stock valued at $66,312,000 after buying an additional 401,723 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Golub Capital BDC by 6.6% in the fourth quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock valued at $49,791,000 after buying an additional 224,142 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in Golub Capital BDC by 20.5% in the fourth quarter. Muzinich & Co. Inc. now owns 1,959,272 shares of the investment management company’s stock valued at $26,587,000 after buying an additional 333,636 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in shares of Golub Capital BDC by 177.1% in the third quarter. Focus Partners Advisor Solutions LLC now owns 97,989 shares of the investment management company’s stock worth $1,364,000 after acquiring an additional 62,633 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

GBDC has been the topic of several recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Zacks Research cut Golub Capital BDC from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Oppenheimer reiterated an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Finally, Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Check Out Our Latest Research Report on Golub Capital BDC

Golub Capital BDC Stock Up 0.2%

Shares of NASDAQ GBDC opened at $12.32 on Wednesday. The company’s 50-day simple moving average is $13.08 and its 200-day simple moving average is $13.05. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 16.00 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 (NASDAQ:GBDCGet Free Report) last released its earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The company had revenue of ($5.28) million for the quarter, compared to analysts’ expectations of $201.71 million. During the same period in the prior year, the firm earned $0.30 EPS. Equities analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.7%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s payout ratio is presently 171.43%.

About Golub Capital BDC

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golub Capital BDC, Inc. (NASDAQ:GBDCFree Report).

Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

Receive News & Ratings for Golub Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.