Golub Capital BDC, Inc. $GBDC Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 30.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,162,346 shares of the investment management company’s stock after selling 1,365,434 shares during the quarter. Corient Private Wealth LP’s holdings in Golub Capital BDC were worth $40,731,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp purchased a new stake in Golub Capital BDC during the second quarter worth approximately $47,015,000. Bank of America Corp DE purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at $43,696,000. Lalia Capital LLC purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at $33,556,000. Legal & General Group Plc acquired a new position in shares of Golub Capital BDC during the 2nd quarter valued at $31,483,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Golub Capital BDC by 53.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after acquiring an additional 1,368,759 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GBDC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.90.

Insider Buying and Selling at Golub Capital BDC

In other news, Director Lawrence Golub sold 1,676,387 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $12.79 on Friday. The firm has a fifty day moving average of $13.00 and a two-hundred day moving average of $12.87. The firm has a market cap of $3.32 billion, a P/E ratio of 19.68 and a beta of 0.39. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $14.85. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The business had revenue of $98.53 million for the quarter, compared to analyst estimates of $189.91 million. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a dividend yield of 10.3%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 203.08%.

About Golub Capital BDC

Golub Capital BDC, Inc (NASDAQ: GBDC) is a business development company that invests in and provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by making investments in privately held businesses.

Its investment portfolio primarily consists of senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments. Golub Capital BDC generally works with companies across a range of industries and may support acquisitions, recapitalizations, refinancings, growth initiatives and other corporate financing needs.

Golub Capital BDC was established in 2010 and is externally managed by GC Advisors LLC, an affiliate of Golub Capital, a private credit asset manager.