Border to Coast Pensions Partnership Ltd Decreases Stake in Golub Capital BDC, Inc. $GBDC

Border to Coast Pensions Partnership Ltd cut its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 800,000 shares of the investment management company’s stock after selling 50,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned approximately 0.30% of Golub Capital BDC worth $10,952,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GBDC. Allworth Financial LP grew its holdings in Golub Capital BDC by 116.8% during the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after acquiring an additional 1,181 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth $33,000. First Horizon Advisors Inc. acquired a new position in shares of Golub Capital BDC during the second quarter worth $41,000. MTM Investment Management LLC purchased a new position in Golub Capital BDC in the second quarter valued at $41,000. Finally, CWM LLC raised its stake 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 buying an additional 3,397 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC stock opened at $13.06 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $3.44 billion, a P/E ratio of 9.20 and a beta of 0.43. The business has a 50 day simple moving average of $13.70 and a 200-day simple moving average of $14.09. Golub Capital BDC, Inc. has a twelve month low of $12.67 and a twelve month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.9%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 109.86%.

Analyst Ratings Changes

GBDC has been the subject of several analyst reports. Wells Fargo & Company raised Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Wednesday, January 7th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Finally, Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research report on Thursday, January 15th. One investment 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 an average rating of “Buy” and an average target price of $14.88.

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.