LM Advisors LLC Invests $721,000 in Golub Capital BDC, Inc. $GBDC

LM Advisors LLC bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 56,000 shares of the investment management company’s stock, valued at approximately $721,000.

Other large investors have also added to or reduced their stakes in the company. Lalia Capital LLC acquired a new stake in Golub Capital BDC during the 2nd quarter valued at approximately $33,556,000. JPMorgan Chase & Co. lifted its holdings in Golub Capital BDC by 53.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after buying an additional 1,368,759 shares during the last quarter. BlackRock Inc. bought a new position in shares of Golub Capital BDC in the 2nd quarter worth about $16,206,000. Rivernorth Capital Management LLC lifted its position in shares of Golub Capital BDC by 226.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock worth $23,270,000 after buying an additional 1,189,706 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Golub Capital BDC by 29.4% in the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock worth $38,875,000 after purchasing an additional 651,110 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $13.20 on Friday. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.93. The stock’s 50-day moving average is $12.89 and its two-hundred day moving average is $12.83. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $3.43 billion, a P/E ratio of 20.31 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million for the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter last year, the firm earned $0.39 earnings per share. 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 announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 203.08%.

Analyst Upgrades and Downgrades

GBDC has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

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.