Pasadena Private Wealth LLC Takes Position in Golub Capital BDC, Inc. $GBDC

Pasadena Private Wealth LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, HoldingsChannel.com reports. The fund purchased 55,213 shares of the investment management company’s stock, valued at approximately $711,000.

A number of other large investors have also recently made changes to their positions in the business. Main Street Group LTD purchased a new position in shares of Golub Capital BDC during the first quarter valued at approximately $47,000. Fifth Third Bancorp purchased a new stake in Golub Capital BDC in the first quarter worth $68,000. Advisory Services Network LLC bought a new stake in Golub Capital BDC in the third quarter valued at $77,000. Clearstead Advisors LLC increased its position in Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after purchasing an additional 1,941 shares during the period. Finally, Trust Co. of Vermont purchased a new position in Golub Capital BDC during the 2nd quarter valued at $77,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on GBDC. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Royal Bank Of Canada lowered their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Oppenheimer reiterated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Insider Activity

In other news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $13.17 on Thursday. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93. The firm has a market capitalization of $3.42 billion, a P/E ratio of 20.26 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. The business has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $12.82.

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

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.33 per share. 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 (DPR) is currently 203.08%.

Golub Capital BDC Company 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.