3,392,551 Shares in Golub Capital BDC, Inc. $GBDC Acquired by Bank of America Corp DE

Bank of America Corp DE bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,392,551 shares of the investment management company's stock, valued at approximately $43,696,000. Bank of America Corp DE owned approximately 1.31% of Golub Capital BDC as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio grew its stake in Golub Capital BDC by 2.6% during the 1st quarter. Strs Ohio now owns 17,140,532 shares of the investment management company's stock worth $216,999,000 after purchasing an additional 435,772 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Golub Capital BDC by 4.1% in the 1st quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company's stock valued at $46,882,000 after buying an additional 147,734 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Golub Capital BDC during the second quarter worth about $47,015,000. Lalia Capital LLC purchased a new stake in shares of Golub Capital BDC during the second quarter worth approximately $33,556,000. Finally, Legal & General Group Plc purchased a new stake in shares of Golub Capital BDC during the second quarter worth approximately $31,483,000. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBDC. 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. Weiss Ratings restated a "hold (c)" rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an "outperform" rating on the stock in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.90.

Insider Activity

In other news, Director Lawrence Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Golub Capital BDC Stock Up 0.1%

GBDC opened at $12.55 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.40. The stock has a market capitalization of $3.26 billion, a P/E ratio of 19.31 and a beta of 0.39. The business has a 50 day simple moving average of $12.97 and a 200-day simple moving average of $12.88.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to analysts' expectations of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.5%. Golub Capital BDC's dividend payout ratio (DPR) is 203.08%.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc NASDAQ: GBDC is a business development company that invests in and provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by making investments in privately held businesses.

Its investment portfolio primarily consists of senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments. Golub Capital BDC generally works with companies across a range of industries and may support acquisitions, recapitalizations, refinancings, growth initiatives and other corporate financing needs.

Golub Capital BDC was established in 2010 and is externally managed by GC Advisors LLC, an affiliate of Golub Capital, a private credit asset manager.

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