458,427 Shares in Golub Capital BDC, Inc. $GBDC Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 458,427 shares of the investment management company’s stock, valued at approximately $5,905,000.

Other hedge funds have also modified their holdings of the company. Lalia Capital LLC purchased a new position in shares of Golub Capital BDC during the second quarter worth about $33,556,000. JPMorgan Chase & Co. increased its position 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 purchasing an additional 1,368,759 shares during the period. BlackRock Inc. acquired a new position in Golub Capital BDC during the 2nd quarter worth approximately $16,206,000. Rivernorth Capital Management LLC boosted its position in shares of Golub Capital BDC by 226.6% during 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 purchasing an additional 1,189,706 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Golub Capital BDC by 29.4% during 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 period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

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 value of $21,893,614.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of research reports. Royal Bank Of Canada lowered 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 Thursday, May 7th. Keefe, Bruyette & Woods cut their target price on 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. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Stock Performance

GBDC stock opened at $13.20 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The stock’s 50 day simple moving average is $12.89 and its 200 day simple moving average is $12.82. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $14.93. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The firm had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. During the same period in the prior year, the business earned $0.39 EPS. As a group, equities research analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a dividend yield of 10.0%. Golub Capital BDC’s dividend payout ratio (DPR) is 203.08%.

Golub Capital BDC 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.