Fieldview Capital Management LLC Makes New Investment in Golub Capital BDC, Inc. $GBDC

Fieldview Capital Management LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,496 shares of the investment management company’s stock, valued at approximately $807,000.

Several other large investors also recently modified their holdings of the business. Global Endowment Management LP increased its holdings in shares of Golub Capital BDC by 16.7% in the fourth quarter. Global Endowment Management LP now owns 70,000 shares of the investment management company’s stock worth $950,000 after acquiring an additional 10,000 shares in the last quarter. Arax Advisory Partners increased its holdings in shares of Golub Capital BDC by 11.3% in the fourth quarter. Arax Advisory Partners now owns 411,251 shares of the investment management company’s stock worth $5,581,000 after acquiring an additional 41,692 shares in the last quarter. Barclays PLC bought a new stake in shares of Golub Capital BDC in the fourth quarter worth about $120,000. The Manufacturers Life Insurance Company increased its holdings in shares of Golub Capital BDC by 4.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 63,289 shares of the investment management company’s stock worth $859,000 after acquiring an additional 2,951 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Golub Capital BDC by 4.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 345,633 shares of the investment management company’s stock worth $4,689,000 after acquiring an additional 14,547 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Down 4.3%

GBDC stock opened at $12.72 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $3.31 billion, a P/E ratio of 16.52 and a beta of 0.39. The business has a 50-day moving average of $13.11 and a 200-day moving average of $13.12. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period in the prior year, the company earned $0.30 earnings per share. On average, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

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 given 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 yield of 10.4%. Golub Capital BDC’s dividend payout ratio is 171.43%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Zacks Research cut Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reduced their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average target price of $14.00.

About Golub Capital BDC

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.