Cresset Asset Management LLC Has $1.92 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cresset Asset Management LLC reduced its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,403 shares of the investment management company’s stock after selling 38,311 shares during the period. Cresset Asset Management LLC’s holdings in Golub Capital BDC were worth $1,916,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,921 shares in the last quarter. Optiver Holding B.V. boosted its holdings in Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock worth $47,000 after purchasing an additional 688 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 827 shares in the last quarter. Hurley Capital LLC acquired a new stake in Golub Capital BDC in the 4th quarter valued at $50,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Golub Capital BDC during the 4th quarter worth about $160,000. 42.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GBDC has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Finally, StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th.

Golub Capital BDC Stock Up 0.8 %

Shares of GBDC stock opened at $14.49 on Friday. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.89. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 10.50 and a beta of 0.55. The firm’s 50-day moving average is $14.45 and its 200-day moving average is $15.06.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The business had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same quarter in the prior year, the company earned $0.55 EPS. Sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.77%. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.