GSA Capital Partners LLP Purchases 146,860 Shares of Golub Capital BDC, Inc. $GBDC

GSA Capital Partners LLP boosted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1,321.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,976 shares of the investment management company’s stock after purchasing an additional 146,860 shares during the quarter. GSA Capital Partners LLP’s holdings in Golub Capital BDC were worth $2,163,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GBDC. Allworth Financial LP boosted its position in shares of Golub Capital BDC by 116.8% in the second quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Golub Capital BDC in the 3rd quarter worth about $33,000. First Horizon Advisors Inc. acquired a new stake in Golub Capital BDC in the 2nd quarter worth about $41,000. MTM Investment Management LLC bought a new stake in Golub Capital BDC in the 2nd quarter valued at about $41,000. Finally, CWM LLC grew its position in shares of Golub Capital BDC by 13,588.0% during the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after purchasing an additional 3,397 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Wells Fargo & Company cut their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Capital One Financial set a $15.00 price target on Golub Capital BDC in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Finally, Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $14.38.

Golub Capital BDC Price Performance

Shares of GBDC opened at $12.63 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.32 billion, a PE ratio of 10.10 and a beta of 0.43. Golub Capital BDC, Inc. has a 12-month low of $12.28 and a 12-month high of $16.00. The business has a 50-day simple moving average of $13.47 and a two-hundred day simple moving average of $13.94.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The company had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 10.5%. Golub Capital BDC’s payout ratio is currently 124.80%.

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.