Magnus Financial Group LLC Buys Shares of 36,406 Golub Capital BDC, Inc. $GBDC

Magnus Financial Group LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 36,406 shares of the investment management company’s stock, valued at approximately $498,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Golub Capital BDC by 41.4% during the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after purchasing an additional 38,534 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Golub Capital BDC by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after buying an additional 7,178 shares in the last quarter. Empowered Funds LLC boosted its holdings in Golub Capital BDC by 140.0% in the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after buying an additional 15,988 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Golub Capital BDC in the 1st quarter worth approximately $6,491,000. Finally, Focus Partners Wealth grew its stake in Golub Capital BDC by 24.9% in the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock valued at $505,000 after buying an additional 6,658 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $13.95 on Friday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 9.82 and a beta of 0.43. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. The business has a 50-day simple moving average of $13.78 and a 200 day simple moving average of $14.24. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.The firm had revenue of $217.84 million during the quarter, compared to the consensus estimate of $220.54 million. During the same quarter last year, the company posted $0.36 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th were given a dividend of $0.39 per share. The ex-dividend date was Friday, December 12th. This represents a $1.56 annualized dividend and a yield of 11.2%. Golub Capital BDC’s payout ratio is presently 109.86%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GBDC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a report on Thursday. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Keefe, Bruyette & Woods cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, Wells Fargo & Company raised shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research note on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.88.

About Golub Capital BDC

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.