Lalia Capital LLC Purchases Shares of 2,479,179 Golub Capital BDC, Inc. $GBDC

Lalia Capital LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,479,179 shares of the investment management company’s stock, valued at approximately $33,642,000. Golub Capital BDC accounts for about 26.3% of Lalia Capital LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other large investors have also recently bought and sold shares of GBDC. Royal Bank of Canada boosted its holdings in Golub Capital BDC by 41.4% in the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after purchasing an additional 38,534 shares during the period. NewEdge Advisors LLC boosted its holdings in Golub Capital BDC by 19.7% in the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 7,178 shares during the period. 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 valued at $415,000 after purchasing 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 valued at $6,491,000. Finally, Focus Partners Wealth boosted its holdings 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 purchasing an additional 6,658 shares during the period. 42.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on GBDC shares. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $13.04 on Friday. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market capitalization of $3.40 billion, a P/E ratio of 16.94 and a beta of 0.39. The company has a fifty day moving average of $13.05 and a 200-day moving average of $13.14.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of ($5.28) million during the quarter, compared to analysts’ expectations of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same quarter in the previous year, the business earned $0.30 EPS. As a group, equities research analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

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.