Prairiewood Capital LLC grew its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) by 9.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 615,153 shares of the investment management company’s stock after buying an additional 52,721 shares during the period. Golub Capital BDC makes up about 1.9% of Prairiewood Capital LLC’s holdings, making the stock its 13th biggest holding. Prairiewood Capital LLC’s holdings in Golub Capital BDC were worth $7,769,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Strs Ohio raised its position in Golub Capital BDC by 2.6% in the first quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock worth $216,999,000 after acquiring an additional 435,772 shares during the period. HighTower Advisors LLC raised its position in Golub Capital BDC by 4.2% during the second quarter. HighTower Advisors LLC now owns 7,345,885 shares of the investment management company’s stock valued at $94,615,000 after purchasing an additional 299,240 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC by 11.0% in the 2nd quarter. Van ECK Associates Corp now owns 4,710,275 shares of the investment management company’s stock valued at $60,668,000 after purchasing an additional 466,249 shares in the last quarter. Corient Private Wealth LP purchased a new position in Golub Capital BDC in the 2nd quarter worth approximately $50,833,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Golub Capital BDC during the second quarter valued at about $47,015,000. Institutional investors own 42.38% of the company’s stock.
Golub Capital BDC Stock Down 1.2%
Shares of NASDAQ:GBDC traded down $0.15 during trading hours on Friday, hitting $12.12. The company’s stock had a trading volume of 885,736 shares, compared to its average volume of 1,567,430. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $14.40. The firm’s fifty day moving average price is $12.72 and its 200 day moving average price is $12.88. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.65 and a beta of 0.41. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The firm had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, research analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.
Golub Capital BDC Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were paid a $0.33 dividend. The ex-dividend date was Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.9%. Golub Capital BDC’s dividend payout ratio is presently 203.08%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on GBDC. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings cut Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average target price of $13.90.
View Our Latest Analysis on GBDC
Insider Activity at Golub Capital BDC
In other news, Director Lawrence Golub sold 1,676,387 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in privately owned businesses through senior secured loans, unitranche loans, second-lien loans, subordinated debt and, to a lesser extent, equity investments. Its objective is to generate current income and long-term capital appreciation by supporting companies across a range of industries.
Golub Capital BDC generally works with companies that are backed by private equity firms and provides customized financing for acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.
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