Beverly Hills Private Wealth LLC Sells 3,300 Shares of Golub Capital BDC, Inc. $GBDC

Beverly Hills Private Wealth LLC cut its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,316 shares of the investment management company’s stock after selling 3,300 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Golub Capital BDC were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Golub Capital BDC during the first quarter valued at $34,000. VSM Wealth Advisory LLC raised its position in shares of Golub Capital BDC by 102.0% in the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock worth $39,000 after acquiring an additional 1,295 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Golub Capital BDC in the 1st quarter valued at about $50,000. Hexagon Capital Partners LLC boosted its position in shares of Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company’s stock valued at $55,000 after purchasing an additional 868 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Golub Capital BDC by 794.3% during the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company’s stock valued at $91,000 after purchasing an additional 5,330 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC stock opened at $14.07 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. The company’s 50-day moving average is $14.26 and its 200-day moving average is $14.53. The stock has a market capitalization of $3.75 billion, a PE ratio of 9.91 and a beta of 0.48. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The business had revenue of $218.34 million during the quarter, compared to analyst estimates of $215.47 million. During the same period in the previous year, the company posted $0.39 EPS. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend was Monday, September 15th. Golub Capital BDC’s dividend payout ratio is presently 109.86%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Golub Capital BDC in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Golub Capital BDC Profile

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.