Global Assets Advisory LLC Buys Shares of 11,105 Golub Capital BDC, Inc. $GBDC

Global Assets Advisory LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,105 shares of the investment management company’s stock, valued at approximately $161,000.

Several other hedge funds have also made changes to their positions in GBDC. Quarry LP acquired a new position in Golub Capital BDC during the 1st quarter valued at approximately $34,000. VSM Wealth Advisory LLC lifted its stake in Golub Capital BDC by 102.0% in the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock valued at $39,000 after buying an additional 1,295 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Golub Capital BDC during the first quarter valued at $50,000. Hexagon Capital Partners LLC grew its position in shares of Golub Capital BDC by 31.6% during the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company’s stock worth $55,000 after acquiring an additional 868 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Golub Capital BDC by 794.3% in the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company’s stock worth $91,000 after acquiring an additional 5,330 shares during the period. Institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Golub Capital BDC in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Golub Capital BDC Stock Down 1.0%

GBDC opened at $13.69 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. The company has a market capitalization of $3.65 billion, a PE ratio of 9.64 and a beta of 0.48. The stock’s fifty day moving average is $14.50 and its 200-day moving average is $14.63. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $218.34 million for the quarter, compared to analyst estimates of $215.47 million. During the same period in the previous year, the company earned $0.39 earnings per share. On average, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date 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.