New World Advisors LLC Acquires 3,831 Shares of Golub Capital BDC, Inc. $GBDC

New World Advisors LLC grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 15.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,314 shares of the investment management company’s stock after purchasing an additional 3,831 shares during the period. New World Advisors LLC’s holdings in Golub Capital BDC were worth $429,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Eagle Bay Advisors LLC lifted its holdings in shares of Golub Capital BDC by 0.3% during the second quarter. Eagle Bay Advisors LLC now owns 261,033 shares of the investment management company’s stock valued at $3,824,000 after purchasing an additional 708 shares in the last quarter. Comprehensive Money Management Services LLC lifted its stake in Golub Capital BDC by 8.7% during the 2nd quarter. Comprehensive Money Management Services LLC now owns 11,600 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 930 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Golub Capital BDC by 1.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 58,032 shares of the investment management company’s stock valued at $898,000 after acquiring an additional 971 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Golub Capital BDC by 9.0% in the second quarter. Perigon Wealth Management LLC now owns 11,894 shares of the investment management company’s stock worth $174,000 after acquiring an additional 983 shares during the period. Finally, Amplius Wealth Advisors LLC grew its stake in shares of Golub Capital BDC by 2.0% in the second quarter. Amplius Wealth Advisors LLC now owns 52,158 shares of the investment management company’s stock worth $764,000 after acquiring an additional 1,001 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

GBDC has been the topic of several research reports. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.83.

Golub Capital BDC Trading Up 1.4%

NASDAQ:GBDC opened at $13.72 on Friday. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00. The business has a fifty day moving average price of $13.88 and a 200-day moving average price of $14.53. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 9.66 and a beta of 0.47. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.90 and a quick ratio of 2.37.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $217.84 million during the quarter, compared to analyst estimates of $220.54 million. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.Golub Capital BDC’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a yield of 11.4%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 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.