Golub Capital BDC, Inc. $GBDC Shares Acquired by Next Capital Management LLC

Next Capital Management LLC increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 132.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 567,205 shares of the investment management company’s stock after purchasing an additional 322,992 shares during the quarter. Golub Capital BDC accounts for 2.2% of Next Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Next Capital Management LLC’s holdings in Golub Capital BDC were worth $7,181,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Golub Capital BDC by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock valued at $34,890,000 after acquiring an additional 125,881 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Golub Capital BDC by 6.6% in the 4th quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock worth $49,791,000 after acquiring an additional 224,142 shares during the period. Muzinich & Co. Inc. grew its holdings in shares of Golub Capital BDC by 20.5% in the 4th quarter. Muzinich & Co. Inc. now owns 1,959,272 shares of the investment management company’s stock worth $26,587,000 after acquiring an additional 333,636 shares during the period. Sage Mountain Advisors LLC increased its stake in Golub Capital BDC by 11.0% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,360,932 shares of the investment management company’s stock valued at $45,608,000 after purchasing an additional 332,443 shares in the last quarter. Finally, Strs Ohio increased its stake in Golub Capital BDC by 2.9% in the 4th quarter. Strs Ohio now owns 16,704,760 shares of the investment management company’s stock valued at $226,684,000 after purchasing an additional 466,978 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 2.0%

GBDC stock opened at $13.06 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The company’s 50 day simple moving average is $12.91 and its 200-day simple moving average is $12.94. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $15.63. The firm has a market capitalization of $3.40 billion, a PE ratio of 16.96 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The company had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 10.1%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GBDC. Royal Bank Of Canada reduced their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.