Cura Wealth Advisors LLC Acquires New Holdings in Golub Capital BDC, Inc. $GBDC

Cura Wealth Advisors LLC bought a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the second quarter, Holdings Channel.com reports. The institutional investor bought 120,200 shares of the investment management company’s stock, valued at approximately $1,548,000. Golub Capital BDC accounts for approximately 0.7% of Cura Wealth Advisors LLC’s portfolio, making the stock its 24th largest holding.

Several other hedge funds have also modified their holdings of GBDC. Lalia Capital LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter valued at about $33,642,000. JPMorgan Chase & Co. grew its position in shares of Golub Capital BDC by 53.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after buying an additional 1,368,759 shares during the last quarter. Rivernorth Capital Management LLC raised its stake in shares of 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 worth $23,270,000 after acquiring an additional 1,189,706 shares in the last quarter. UBS Group AG raised its stake in shares of 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 worth $38,875,000 after acquiring an additional 651,110 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in Golub Capital BDC by 24.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 3,019,148 shares of the investment management company’s stock valued at $40,970,000 after acquiring an additional 597,918 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $13.26 on Monday. The company has a market capitalization of $3.44 billion, a P/E ratio of 20.40 and a beta of 0.39. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93. The firm has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $12.83.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The firm had revenue of $98.53 million for the quarter, compared to the consensus estimate of $189.91 million. During the same period in the prior year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.0%. Golub Capital BDC’s dividend payout ratio is currently 203.08%.

Analysts Set New Price Targets

Several brokerages have weighed in on GBDC. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC 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.