271,290 Shares in Golub Capital BDC, Inc. $GBDC Acquired by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management opened a new position of 271,290 shares of Golub Capital BDC (NASDAQ:GBDC), valued at about $3.68 million and representing roughly 0.10% of the company.
• GBDC recently paid a quarterly dividend of $0.33 (annualized $1.32), implying a 9.6% yield while the dividend payout ratio stands at 105.6%, reflecting pressure on dividend sustainability.
• In the latest quarter GBDC reported EPS $0.38 (in line with estimates) but revenue of $110.18M missed the $208.89M consensus; analysts hold a consensus "Buy" rating with an average price target of $14.50.

Robertson Stephens Wealth Management LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 271,290 shares of the investment management company's stock, valued at approximately $3,681,000. Robertson Stephens Wealth Management LLC owned approximately 0.10% of Golub Capital BDC as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Golub Capital BDC during the 3rd quarter worth approximately $33,000. CWM LLC increased its position in 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. Main Street Group LTD acquired a new stake in Golub Capital BDC during the 3rd quarter worth approximately $51,000. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the 3rd quarter worth approximately $77,000. Finally, Farther Finance Advisors LLC acquired a new stake in Golub Capital BDC during the 3rd quarter worth approximately $78,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Stock Up 0.7%

Shares of NASDAQ:GBDC opened at $13.80 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63. The company has a 50 day moving average of $12.66 and a two-hundred day moving average of $13.30. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.04 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued 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 net margin of 38.57% and a return on equity of 10.37%. The company had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. During the same quarter last year, the company earned $0.42 earnings per share. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.44 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 9.6%. Golub Capital BDC's dividend payout ratio (DPR) is 105.60%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GBDC shares. Keefe, Bruyette & Woods dropped their target price 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. Royal Bank Of Canada began coverage on shares of Golub Capital BDC in a research report on Friday, April 17th. They set an "outperform" rating and a $15.00 target price for the company. 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. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $14.50.

Golub Capital BDC Company 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.

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