Hirtle Callaghan & Co LLC Boosts Position in Golub Capital BDC, Inc. $GBDC

Hirtle Callaghan & Co LLC boosted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,007,242 shares of the investment management company’s stock after buying an additional 77,276 shares during the quarter. Golub Capital BDC comprises about 0.5% of Hirtle Callaghan & Co LLC’s investment portfolio, making the stock its 22nd largest holding. Hirtle Callaghan & Co LLC’s holdings in Golub Capital BDC were worth $13,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of Golub Capital BDC by 41.4% in the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after buying an additional 38,534 shares in the last quarter. NewEdge Advisors LLC lifted its position in Golub Capital BDC by 19.7% in the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after acquiring an additional 7,178 shares during the last quarter. Empowered Funds LLC lifted its position in Golub Capital BDC by 140.0% in the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after acquiring an additional 15,988 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Golub Capital BDC in the first quarter valued at $6,491,000. Finally, Focus Partners Wealth boosted its stake in Golub Capital BDC by 24.9% in the first quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 6,658 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of GBDC opened at $13.16 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. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. The firm has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $13.26. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 17.09 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data 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 net margin of 24.64% and a return on equity of 10.20%. The company had revenue of ($5.28) million for the quarter, compared to analysts’ expectations of $201.71 million. During the same period in the prior year, the company earned $0.30 earnings per share. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.0%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Wells Fargo & Company dropped their price target on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, Zacks Research downgraded Golub Capital BDC from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.