Onyx Bridge Wealth Group LLC Sells 52,850 Shares of Golub Capital BDC, Inc. $GBDC

Onyx Bridge Wealth Group LLC trimmed its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 41.6% during the first quarter, HoldingsChannel.com reports. The firm owned 74,205 shares of the investment management company’s stock after selling 52,850 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Golub Capital BDC were worth $939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GBDC. JPMorgan Chase & Co. increased its holdings in Golub Capital BDC by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock valued at $34,890,000 after purchasing an additional 125,881 shares during the period. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 9.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,843,816 shares of the investment management company’s stock worth $66,312,000 after buying an additional 401,723 shares during the period. Sound Income Strategies LLC lifted its holdings in Golub Capital BDC by 6.6% during the 4th quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock worth $49,791,000 after buying an additional 224,142 shares during the period. Muzinich & Co. Inc. grew its position in shares of Golub Capital BDC by 20.5% in the 4th quarter. Muzinich & Co. Inc. now owns 1,959,272 shares of the investment management company’s stock valued at $26,587,000 after buying an additional 333,636 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in shares of Golub Capital BDC by 177.1% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 97,989 shares of the investment management company’s stock valued at $1,364,000 after buying an additional 62,633 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $12.59 on Friday. 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 firm’s fifty day simple moving average is $13.04 and its two-hundred day simple moving average is $13.02. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $15.63. The stock has a market capitalization of $3.28 billion, a P/E ratio of 16.35 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of ($5.28) million during the quarter, compared to the consensus estimate 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 last year, the business posted $0.30 earnings per share. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 10.5%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GBDC. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday. Royal Bank Of Canada reduced their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Zacks Research downgraded shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Oppenheimer restated an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

About Golub Capital BDC

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.