1832 Asset Management L.P. Buys 39,700 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• 1832 Asset Management L.P. increased its holdings in Golub Capital BDC, Inc. by 27.4% during the first quarter, owning approximately $2.79 million worth of shares after acquiring an additional 39,700 shares.
• Chairman Lawrence E. Golub made a significant stock purchase of over 6 million shares, valued at approximately $91.69 million, indicating strong insider confidence in the company's future.
• Golub Capital BDC recently declared a quarterly dividend of $0.39 per share, representing an annualized dividend yield of 10.6%, despite having a payout ratio over 100%.

1832 Asset Management L.P. raised its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 27.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,492 shares of the investment management company's stock after acquiring an additional 39,700 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.07% of Golub Capital BDC worth $2,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GBDC. NewEdge Advisors LLC lifted its position in Golub Capital BDC by 33.9% during the fourth quarter. NewEdge Advisors LLC now owns 36,356 shares of the investment management company's stock valued at $551,000 after purchasing an additional 9,214 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Golub Capital BDC by 122.3% in the fourth quarter. First Trust Advisors LP now owns 358,136 shares of the investment management company's stock worth $5,429,000 after buying an additional 197,018 shares during the period. Stifel Financial Corp lifted its position in shares of Golub Capital BDC by 24.9% during the 4th quarter. Stifel Financial Corp now owns 500,246 shares of the investment management company's stock valued at $7,584,000 after buying an additional 99,755 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Golub Capital BDC during the 4th quarter valued at approximately $259,000. Finally, Virtus ETF Advisers LLC grew its stake in shares of Golub Capital BDC by 10.4% during the 4th quarter. Virtus ETF Advisers LLC now owns 50,686 shares of the investment management company's stock valued at $768,000 after acquiring an additional 4,764 shares during the period. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.4%

GBDC stock traded up $0.06 during mid-day trading on Thursday, reaching $14.78. 768,191 shares of the stock traded hands, compared to its average volume of 1,403,089. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market capitalization of $3.94 billion, a PE ratio of 10.41 and a beta of 0.51. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00. The business has a 50-day moving average price of $14.87 and a two-hundred day moving average price of $14.85.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The firm had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. During the same period in the prior year, the business posted $0.39 earnings per share. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is presently 109.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GBDC shares. Bank of America lowered their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $15.00.

Golub Capital BDC Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.