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

Strs Ohio raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,787,656 shares of the investment management company’s stock after purchasing an additional 406,960 shares during the quarter. Golub Capital BDC accounts for approximately 0.9% of Strs Ohio’s portfolio, making the stock its 16th largest holding. Strs Ohio owned about 5.93% of Golub Capital BDC worth $231,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allen Investment Management LLC boosted its position in Golub Capital BDC by 11.9% during the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock valued at $62,615,000 after purchasing an additional 441,050 shares during the period. Northeast Financial Consultants Inc grew its stake in Golub Capital BDC by 60.4% during the 1st quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company’s stock worth $62,377,000 after buying an additional 1,552,223 shares during the last quarter. Sound Income Strategies LLC grew its stake in Golub Capital BDC by 4.1% during the 2nd quarter. Sound Income Strategies LLC now owns 3,313,649 shares of the investment management company’s stock worth $48,545,000 after buying an additional 129,812 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in Golub Capital BDC by 10.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 3,033,453 shares of the investment management company’s stock worth $44,440,000 after buying an additional 287,391 shares during the last quarter. Finally, Generali Asset Management SPA SGR grew its stake in Golub Capital BDC by 39.6% during the 2nd quarter. Generali Asset Management SPA SGR now owns 2,512,705 shares of the investment management company’s stock worth $36,811,000 after buying an additional 712,705 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $14.08 on Thursday. The stock has a 50 day moving average of $14.19 and a two-hundred day moving average of $14.56. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The company has a market capitalization of $3.75 billion, a P/E ratio of 9.92 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $218.34 million during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.39 EPS. As a group, equities analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a dividend of $0.39 per share. The ex-dividend date was Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 11.1%. Golub Capital BDC’s payout ratio is currently 109.86%.

Golub Capital BDC 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.