3,946,679 Shares in Golub Capital BDC, Inc. $GBDC Bought by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,946,679 shares of the investment management company’s stock, valued at approximately $50,833,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP bought a new position in shares of Golub Capital BDC during the 2nd quarter worth about $25,000. Burk Holdings LLC bought a new stake in Golub Capital BDC in the 2nd quarter valued at about $30,000. Main Street Group LTD bought a new stake in Golub Capital BDC in the 1st quarter valued at about $47,000. Fifth Third Bancorp acquired a new position in Golub Capital BDC during the 1st quarter worth approximately $68,000. Finally, Advisory Services Network LLC acquired a new position in Golub Capital BDC during the 3rd quarter worth approximately $77,000. 42.38% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Royal Bank Of Canada decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company 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 research report on Wednesday, May 6th. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Price Performance

GBDC stock opened at $13.07 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. The business has a 50-day simple moving average of $12.93 and a two-hundred day simple moving average of $12.84. The company has a market capitalization of $3.39 billion, a P/E ratio of 20.11 and a beta of 0.39. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The company had revenue of $98.53 million for the quarter, compared to analysts’ expectations of $189.91 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Research analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s payout ratio is currently 203.08%.

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.