Pasadena Private Wealth LLC Has $558,000 Position in Golub Capital BDC, Inc. $GBDC

Pasadena Private Wealth LLC boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,100 shares of the investment management company’s stock after buying an additional 2,100 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Golub Capital BDC were worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Whipplewood Advisors LLC lifted its holdings in Golub Capital BDC by 14,788.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 67,149 shares of the investment management company’s stock worth $984,000 after buying an additional 66,698 shares during the period. Focus Partners Advisor Solutions LLC lifted its holdings in Golub Capital BDC by 83.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 35,356 shares of the investment management company’s stock worth $518,000 after buying an additional 16,047 shares during the period. Sage Mountain Advisors LLC lifted its holdings in Golub Capital BDC by 10.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 3,033,453 shares of the investment management company’s stock worth $44,440,000 after buying an additional 287,391 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Golub Capital BDC by 17.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,080,551 shares of the investment management company’s stock worth $15,830,000 after buying an additional 158,218 shares during the period. Finally, CAP Partners LLC acquired a new position in Golub Capital BDC during the 2nd quarter worth about $150,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Golub Capital BDC in a research report on Saturday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.00.

Golub Capital BDC Stock Up 0.3%

Shares of NASDAQ:GBDC opened at $14.20 on Monday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 10.00 and a beta of 0.48. 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 business’s 50-day moving average is $14.22 and its 200-day moving average is $14.56. 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 announced its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same period in the previous year, the business earned $0.39 EPS. Equities research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend was Monday, September 15th. Golub Capital BDC’s payout ratio is presently 109.86%.

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.