Klingman & Associates LLC Sells 5,750 Shares of Golub Capital BDC, Inc. $GBDC

Klingman & Associates LLC lessened its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 17.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,788 shares of the investment management company’s stock after selling 5,750 shares during the period. Klingman & Associates LLC’s holdings in Golub Capital BDC were worth $407,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Golub Capital BDC in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Golub Capital BDC Stock Up 1.0%

NASDAQ GBDC opened at $14.07 on Wednesday. The stock has a fifty day moving average of $14.26 and a 200-day moving average of $14.53. The stock has a market capitalization of $3.75 billion, a P/E ratio of 9.91 and a beta of 0.48. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $218.34 million during the quarter, compared to analysts’ expectations of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same period last year, the firm earned $0.39 EPS. On average, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend was Monday, September 15th. Golub Capital BDC’s dividend payout ratio (DPR) is 109.86%.

Golub Capital BDC Company Profile

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.