Lido Advisors LLC Sells 68,185 Shares of Golub Capital BDC, Inc. $GBDC

Lido Advisors LLC reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,880 shares of the investment management company’s stock after selling 68,185 shares during the quarter. Lido Advisors LLC owned 0.19% of Golub Capital BDC worth $6,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its stake in shares of Golub Capital BDC by 6.6% in the fourth quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock valued at $49,791,000 after buying an additional 224,142 shares during the period. Sage Mountain Advisors LLC increased its stake in Golub Capital BDC by 11.0% during the fourth quarter. Sage Mountain Advisors LLC now owns 3,360,932 shares of the investment management company’s stock valued at $45,608,000 after acquiring an additional 332,443 shares during the period. Muzinich & Co. Inc. increased its stake in Golub Capital BDC by 20.5% during the fourth quarter. Muzinich & Co. Inc. now owns 1,959,272 shares of the investment management company’s stock valued at $26,587,000 after acquiring an additional 333,636 shares during the period. Strs Ohio raised its holdings in Golub Capital BDC by 2.9% in the 4th quarter. Strs Ohio now owns 16,704,760 shares of the investment management company’s stock valued at $226,684,000 after acquiring an additional 466,978 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new position in Golub Capital BDC in the 4th quarter valued at approximately $3,681,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of research reports. 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. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $12.78 on Friday. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.42. The stock has a market capitalization of $3.33 billion, a P/E ratio of 16.60 and a beta of 0.39. The company has a 50-day simple moving average of $12.89 and a 200 day simple moving average of $12.91. 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 (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) 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 the consensus estimate of $201.71 million. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. During the same period in the prior year, the business earned $0.30 earnings per share. Research analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.33 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.3%. Golub Capital BDC’s payout ratio is 171.43%.

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.