Golub Capital BDC, Inc. $GBDC Shares Sold by Cura Wealth Advisors LLC

Cura Wealth Advisors LLC decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 51.5% during the 1st quarter, Holdings Channel reports. The fund owned 120,200 shares of the investment management company’s stock after selling 127,500 shares during the quarter. Golub Capital BDC comprises about 0.7% of Cura Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Cura Wealth Advisors LLC’s holdings in Golub Capital BDC were worth $1,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewGen Asset Management Ltd purchased a new position in Golub Capital BDC during the first quarter worth about $324,000. AlTi Global Inc. acquired a new stake in Golub Capital BDC in the first quarter valued at about $1,222,000. Next Capital Management LLC lifted its position in Golub Capital BDC by 132.3% in the first quarter. Next Capital Management LLC now owns 567,205 shares of the investment management company’s stock valued at $7,181,000 after purchasing an additional 322,992 shares during the period. True North Advisors LLC purchased a new stake in Golub Capital BDC in the 1st quarter valued at approximately $170,000. Finally, Main Street Group LTD purchased a new stake in Golub Capital BDC in the 1st quarter valued at approximately $47,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 0.8%

Shares of GBDC opened at $12.95 on Tuesday. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.55. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.37 billion, a P/E ratio of 16.82 and a beta of 0.39. The firm’s 50-day moving average is $12.91 and its two-hundred day moving average is $12.93.

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

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Oppenheimer restated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Royal Bank Of Canada reduced their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.