52,721 Golub Capital BDC, Inc. $GBDC Shares Acquired by Prairiewood Capital LLC

Prairiewood Capital LLC raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 615,153 shares of the investment management company’s stock after buying an additional 52,721 shares during the period. Golub Capital BDC comprises 1.9% of Prairiewood Capital LLC’s investment portfolio, making the stock its 13th biggest position. Prairiewood Capital LLC owned approximately 0.24% of Golub Capital BDC worth $7,769,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Strs Ohio grew its holdings in Golub Capital BDC by 2.6% in the 1st quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock valued at $216,999,000 after buying an additional 435,772 shares in the last quarter. HighTower Advisors LLC increased its holdings in Golub Capital BDC by 4.2% in the second quarter. HighTower Advisors LLC now owns 7,345,885 shares of the investment management company’s stock valued at $94,615,000 after buying an additional 299,240 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 11.0% during the 2nd quarter. Van ECK Associates Corp now owns 4,710,275 shares of the investment management company’s stock worth $60,668,000 after buying an additional 466,249 shares during the last quarter. Corient Private Wealth LP purchased a new position in Golub Capital BDC during the 2nd quarter worth approximately $50,833,000. Finally, Sound Income Strategies LLC increased its stake in Golub Capital BDC by 4.1% in the first quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company’s stock valued at $46,882,000 after purchasing an additional 147,734 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

GBDC traded down $0.15 during trading on Friday, hitting $12.12. The stock had a trading volume of 885,736 shares, compared to its average volume of 1,567,430. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.40. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm has a market cap of $3.15 billion, a PE ratio of 18.65 and a beta of 0.41. The company has a 50 day simple moving average of $12.72 and a 200-day simple moving average of $12.88.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. Analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were issued a dividend of $0.33 per share. The ex-dividend date was Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.9%. Golub Capital BDC’s dividend payout ratio is presently 203.08%.

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 dated Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings lowered Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in privately owned businesses through senior secured loans, unitranche loans, second-lien loans, subordinated debt and, to a lesser extent, equity investments. Its objective is to generate current income and long-term capital appreciation by supporting companies across a range of industries.

Golub Capital BDC generally works with companies that are backed by private equity firms and provides customized financing for acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.