Family Wealth Partners LLC Purchases 16,046 Shares of Golub Capital BDC, Inc. $GBDC

Family Wealth Partners LLC grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 83.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,356 shares of the investment management company’s stock after acquiring an additional 16,046 shares during the quarter. Family Wealth Partners LLC’s holdings in Golub Capital BDC were worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GBDC. Strs Ohio bought a new stake in Golub Capital BDC in the 1st quarter worth approximately $232,864,000. Northeast Financial Consultants Inc increased its stake in Golub Capital BDC by 60.4% in the 1st quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company’s stock worth $62,377,000 after acquiring an additional 1,552,223 shares during the last quarter. Sigma Investment Counselors Inc. bought a new stake in Golub Capital BDC in the 1st quarter worth approximately $10,935,000. Allen Investment Management LLC increased its stake in Golub Capital BDC by 11.9% in the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock worth $62,615,000 after acquiring an additional 441,050 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Golub Capital BDC during the 1st quarter valued at approximately $6,491,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $14.02 on Tuesday. The company has a market cap of $3.73 billion, a P/E ratio of 9.87 and a beta of 0.48. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. The business’s 50 day moving average price is $14.81 and its 200-day moving average price is $14.71. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same quarter in the previous year, the company posted $0.39 EPS. Sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 11.1%. Golub Capital BDC’s payout ratio is currently 109.86%.

Golub Capital BDC Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.