Parallel Advisors LLC Cuts Position in Golub Capital BDC, Inc. $GBDC

Parallel Advisors LLC cut its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 35.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,065 shares of the investment management company’s stock after selling 76,649 shares during the period. Parallel Advisors LLC owned about 0.05% of Golub Capital BDC worth $1,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lalia Capital LLC purchased a new position in Golub Capital BDC in the fourth quarter worth $33,642,000. JPMorgan Chase & Co. raised its stake in shares of 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. Rivernorth Capital Management LLC raised its stake 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 during the period. UBS Group AG boosted 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 buying an additional 651,110 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of Golub Capital BDC by 24.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 3,019,148 shares of the investment management company’s stock worth $40,970,000 after buying an additional 597,918 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 0.5%

GBDC stock opened at $13.01 on Wednesday. The stock has a fifty day moving average of $12.91 and a 200-day moving average of $12.92. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $15.55. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.90 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20.

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

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. Golub Capital BDC’s payout ratio is presently 171.43%.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Royal Bank Of Canada decreased 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 note on Thursday, May 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.