Family Manage LLC Has $2.89 Million Position in Golub Capital BDC, Inc. $GBDC

Family Manage LLC raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 133.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 228,526 shares of the investment management company’s stock after buying an additional 130,648 shares during the period. Family Manage LLC’s holdings in Golub Capital BDC were worth $2,893,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Lalia Capital LLC bought a new position in shares of Golub Capital BDC during the fourth quarter worth about $33,642,000. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 1,368,759 shares during the last quarter. Rivernorth Capital Management LLC increased its position in Golub Capital BDC by 226.6% during the 4th 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 during the period. UBS Group AG increased its position in 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 holdings in 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 worth $40,970,000 after purchasing an additional 597,918 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $12.78 on Monday. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.42. The stock’s 50 day moving average is $12.89 and its 200-day moving average is $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. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 16.60 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted 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 business had revenue of ($5.28) million during the quarter, compared to analyst estimates 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 previous year, the business posted $0.30 EPS. Sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

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

Wall Street Analyst Weigh In

GBDC has been the topic of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada cut their price target on shares of 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. One equities research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.00.

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.