Prairiewood Capital LLC Acquires 64,703 Shares of Golub Capital BDC, Inc. $GBDC

Prairiewood Capital LLC boosted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,431 shares of the investment management company’s stock after buying an additional 64,703 shares during the period. Golub Capital BDC makes up 1.9% of Prairiewood Capital LLC’s investment portfolio, making the stock its 16th biggest holding. Prairiewood Capital LLC’s holdings in Golub Capital BDC were worth $6,601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lalia Capital LLC purchased a new stake in shares of Golub Capital BDC during the fourth quarter worth $33,642,000. JPMorgan Chase & Co. grew its position in shares of Golub Capital BDC by 53.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after purchasing an additional 1,368,759 shares in the last quarter. Rivernorth Capital Management LLC grew its position in shares of Golub Capital BDC by 226.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock valued at $23,270,000 after purchasing an additional 1,189,706 shares in the last quarter. UBS Group AG raised its stake in shares of Golub Capital BDC by 29.4% during the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock valued at $38,875,000 after purchasing an additional 651,110 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Golub Capital BDC by 24.7% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 3,019,148 shares of the investment management company’s stock valued at $40,970,000 after purchasing an additional 597,918 shares during the period. Institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

Golub Capital BDC Stock Performance

Shares of GBDC opened at $12.35 on Friday. The company has a market cap of $3.22 billion, a PE ratio of 16.04 and a beta of 0.39. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average price of $13.09 and a 200-day moving average price of $13.08. 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 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). The business had revenue of ($5.28) million for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.30 EPS. As a group, equities analysts forecast that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 10.7%. Golub Capital BDC’s payout ratio is presently 171.43%.

Golub Capital BDC Company 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.