NerdWallet Wealth Partners LLC Acquires New Position in Golub Capital BDC, Inc. $GBDC

NerdWallet Wealth Partners LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,760 shares of the investment management company’s stock, valued at approximately $709,000. Golub Capital BDC comprises about 0.4% of NerdWallet Wealth Partners LLC’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP lifted its stake in shares of Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Golub Capital BDC in the 3rd quarter worth $33,000. MTM Investment Management LLC acquired a new stake in shares of Golub Capital BDC during the second quarter worth $41,000. First Horizon Advisors Inc. acquired a new stake in shares of Golub Capital BDC during the second quarter worth $41,000. Finally, CWM LLC increased its holdings in Golub Capital BDC by 13,588.0% in the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 3,397 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

GBDC has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Buy” and an average price target of $14.38.

Golub Capital BDC Stock Down 2.2%

NASDAQ:GBDC opened at $12.12 on Monday. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.63. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 9.70 and a beta of 0.45. The stock has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $13.69.

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, hitting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The company had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. During the same period in the prior year, the company earned $0.42 earnings per share. As a group, equities analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.9%. The ex-dividend date is Friday, March 13th. Golub Capital BDC’s dividend payout ratio (DPR) is 124.80%.

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.