Neville Rodie & Shaw Inc. lowered its position in Golub Capital BDC Inc (NASDAQ:GBDC) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,179 shares of the investment management company’s stock after selling 3,597 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Golub Capital BDC were worth $7,022,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Massey Quick & Co. LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth about $274,000. Sigma Planning Corp acquired a new stake in shares of Golub Capital BDC during the first quarter worth about $327,000. Northeast Financial Consultants Inc raised its stake in shares of Golub Capital BDC by 27.6% in the first quarter. Northeast Financial Consultants Inc now owns 17,090 shares of the investment management company’s stock worth $340,000 after buying an additional 3,700 shares in the last quarter. Sei Investments Co. raised its stake in shares of Golub Capital BDC by 52.2% in the third quarter. Sei Investments Co. now owns 20,352 shares of the investment management company’s stock worth $378,000 after buying an additional 6,976 shares in the last quarter. Finally, Pekin Singer Strauss Asset Management IL raised its stake in shares of Golub Capital BDC by 5.2% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 21,708 shares of the investment management company’s stock worth $399,000 after buying an additional 1,073 shares in the last quarter. 43.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Golub Capital BDC Inc (NASDAQ:GBDC) traded down 0.34% during midday trading on Friday, reaching $20.26. The company’s stock had a trading volume of 280,030 shares. Golub Capital BDC Inc has a one year low of $16.92 and a one year high of $20.50. The stock’s 50-day moving average is $20.13 and its 200-day moving average is $19.02. The company has a market capitalization of $1.16 billion, a P/E ratio of 14.75 and a beta of 0.66.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Thursday, May 4th. The investment management company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Golub Capital BDC had a return on equity of 7.91% and a net margin of 51.48%. The company had revenue of $33.56 million for the quarter, compared to analysts’ expectations of $35.66 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Golub Capital BDC Inc will post $1.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Tuesday, June 6th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date is Friday, June 2nd. Golub Capital BDC’s dividend payout ratio (DPR) is 100.79%.
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A number of brokerages recently issued reports on GBDC. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Golub Capital BDC in a research note on Wednesday, May 10th. They noted that the move was a valuation call. National Securities reissued a “neutral” rating and set a $19.00 price target (up from $10.00) on shares of Golub Capital BDC in a research note on Thursday, May 11th. Zacks Investment Research lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.00 price target on shares of Golub Capital BDC in a research note on Tuesday, March 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Golub Capital BDC presently has an average rating of “Hold” and a consensus price target of $19.50.
About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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