Osbon Capital Management LLC Acquires New Shares in Golub Capital BDC, Inc. $GBDC

Osbon Capital Management LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 111,666 shares of the investment management company’s stock, valued at approximately $1,515,000. Golub Capital BDC accounts for approximately 1.4% of Osbon Capital Management LLC’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Alpine Global Management LLC lifted its position in shares of Golub Capital BDC by 487.1% in the fourth quarter. Alpine Global Management LLC now owns 155,588 shares of the investment management company’s stock worth $2,111,000 after buying an additional 129,088 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Golub Capital BDC by 39.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 249,360 shares of the investment management company’s stock worth $3,384,000 after acquiring an additional 70,011 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in shares of Golub Capital BDC by 3.2% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 127,055 shares of the investment management company’s stock valued at $1,724,000 after acquiring an additional 3,895 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Golub Capital BDC during the 4th quarter valued at about $1,412,000. Finally, Coastal Bridge Advisors LLC bought a new position in shares of Golub Capital BDC in the 4th quarter valued at approximately $6,760,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

GBDC opened at $12.35 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 16.04 and a beta of 0.39. The stock’s 50 day moving average price is $13.09 and its two-hundred day moving average price is $13.08. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The business had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. During the same quarter last year, the firm earned $0.30 earnings per share. On average, equities analysts forecast 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 announced 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 dividend on an annualized basis and a yield of 10.7%. Golub Capital BDC’s payout ratio is 171.43%.

Wall Street Analysts Forecast Growth

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