Golub Capital BDC, Inc. $GBDC Stock: Tred Avon Family Wealth LLC Cuts Position

Tred Avon Family Wealth LLC trimmed its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 73.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,189 shares of the investment management company’s stock after selling 184,801 shares during the quarter. Tred Avon Family Wealth LLC’s holdings in Golub Capital BDC were worth $836,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Family Wealth Partners LLC increased its stake in Golub Capital BDC by 10.4% during the third quarter. Family Wealth Partners LLC now owns 88,215 shares of the investment management company’s stock worth $1,114,000 after purchasing an additional 8,309 shares during the period. Investment Research Partners LLC boosted its stake in shares of Golub Capital BDC by 31.8% in the third quarter. Investment Research Partners LLC now owns 53,910 shares of the investment management company’s stock valued at $681,000 after purchasing an additional 12,992 shares during the period. IFP Advisors Inc boosted its stake in shares of Golub Capital BDC by 153.3% in the third quarter. IFP Advisors Inc now owns 8,375 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 5,068 shares during the period. Avail Investment Partners LLC boosted its stake in shares of Golub Capital BDC by 33.0% in the third quarter. Avail Investment Partners LLC now owns 24,687 shares of the investment management company’s stock valued at $312,000 after purchasing an additional 6,124 shares during the period. Finally, Prairiewood Capital LLC grew its holdings in shares of Golub Capital BDC by 9.4% in the third quarter. Prairiewood Capital LLC now owns 615,153 shares of the investment management company’s stock valued at $7,769,000 after purchasing an additional 52,721 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Trading Down 0.9%

Shares of Golub Capital BDC stock opened at $12.01 on Tuesday. 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 company has a fifty day simple moving average of $12.70 and a 200-day simple moving average of $12.88. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 18.48 and a beta of 0.41. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $14.40.

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

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.32 annualized dividend and a dividend yield of 11.0%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 203.08%.

Insider Activity at Golub Capital BDC

In other news, Director Lawrence 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in senior secured loans and other debt investments, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio generally consists of loans to established businesses across a range of industries. Golub Capital BDC may also make subordinated debt and equity-related investments, allowing it to provide flexible financing solutions alongside private equity sponsors and other financial partners.

The company focuses primarily on middle-market businesses in the United States.