Golub Capital BDC, Inc. $GBDC Shares Bought by Strs Ohio

Strs Ohio boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.9% in the fourth quarter, Holdings Channel reports. The fund owned 16,704,760 shares of the investment management company’s stock after purchasing an additional 466,978 shares during the period. Golub Capital BDC accounts for about 0.8% of Strs Ohio’s portfolio, making the stock its 15th biggest position. Strs Ohio owned about 0.06% of Golub Capital BDC worth $226,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Comprehensive Money Management Services LLC lifted its position in Golub Capital BDC by 7.8% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock worth $171,000 after acquiring an additional 900 shares during the period. Colton Groome Financial Advisors LLC lifted its position in Golub Capital BDC by 9.0% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock worth $152,000 after acquiring an additional 913 shares during the period. Truist Financial Corp lifted its position in Golub Capital BDC by 5.6% during the 3rd quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock worth $268,000 after acquiring an additional 1,035 shares during the period. Keel Point LLC lifted its position in Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after acquiring an additional 1,039 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Golub Capital BDC by 2.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 45,085 shares of the investment management company’s stock worth $617,000 after acquiring an additional 1,049 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GBDC shares. Royal Bank Of Canada started coverage on Golub Capital BDC in a research report on Friday, April 17th. They set an “outperform” rating and a $15.00 price objective for the company. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Capital One Financial set a $15.00 price target on Golub Capital BDC in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Buy” and a consensus target price of $14.50.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $13.80 on Friday. The company has a 50-day simple moving average of $12.66 and a 200-day simple moving average of $13.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $3.63 billion, a PE ratio of 11.04 and a beta of 0.41. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same quarter last year, the firm posted $0.42 EPS. Equities research analysts predict that Golub Capital BDC, Inc. will post 1.44 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Friday, March 13th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 105.60%.

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.