Independent Financial Group LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 69,622 shares of the investment management company’s stock, valued at approximately $881,000.
A number of other hedge funds have also modified their holdings of GBDC. Lalia Capital LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter worth $33,642,000. JPMorgan Chase & Co. lifted its stake in shares of Golub Capital BDC by 53.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after buying an additional 1,368,759 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake in shares of Golub Capital BDC by 226.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock valued at $23,270,000 after buying an additional 1,189,706 shares in the last quarter. UBS Group AG boosted its holdings in Golub Capital BDC by 29.4% in the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock worth $38,875,000 after buying an additional 651,110 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Golub Capital BDC by 24.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 3,019,148 shares of the investment management company’s stock worth $40,970,000 after buying an additional 597,918 shares during the period. 42.38% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on GBDC shares. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Royal Bank Of Canada cut their target price 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. Oppenheimer reissued an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Finally, Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.
Golub Capital BDC Stock Performance
GBDC opened at $13.01 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.90 and a beta of 0.39. The company has a fifty day moving average of $12.91 and a 200 day moving average of $12.92. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $15.55.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $201.71 million. During the same quarter in the previous year, the firm earned $0.30 EPS. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.
Golub Capital BDC Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Monday, June 15th. Golub Capital BDC’s payout ratio is currently 171.43%.
Golub Capital BDC 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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