458,427 Shares in Golub Capital BDC, Inc. $GBDC Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired 458,427 shares of Golub Capital BDC in the second quarter, worth approximately $5.9 million and representing about 0.18% of the company. Institutional investors collectively own 42.38% of the stock.
• Golub Capital BDC reported quarterly EPS of $0.34, exceeding estimates by $0.01, while revenue totaled $98.53 million. The company declared a quarterly dividend of $0.33 per share, equivalent to a 10.0% annualized yield.
• GBDC shares opened at $13.20, compared with analysts’ average price target of $13.90; the stock carries a “Moderate Buy” consensus rating. Director Lawrence E. Golub separately sold 1.68 million shares for approximately $21.9 million.

Ieq Capital LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 458,427 shares of the investment management company's stock, valued at approximately $5,905,000. Ieq Capital LLC owned approximately 0.18% of Golub Capital BDC as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in Golub Capital BDC in the second quarter worth $25,000. Main Street Group LTD acquired a new position in Golub Capital BDC in the 1st quarter worth about $47,000. Fifth Third Bancorp acquired a new stake in Golub Capital BDC in the first quarter valued at approximately $68,000. Trust Co. of Vermont purchased a new stake in shares of Golub Capital BDC in the second quarter valued at approximately $77,000. Finally, Advisory Services Network LLC acquired a new position in shares of Golub Capital BDC during the 3rd quarter worth approximately $77,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $13.20 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The business's 50 day moving average is $12.89 and its two-hundred day moving average is $12.82. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 20.31 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $98.53 million during the quarter, compared to analyst estimates 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 period last year, the business posted $0.39 earnings per share. Research analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.0%. Golub Capital BDC's dividend payout ratio is 203.08%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GBDC. Royal Bank Of Canada dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 7th. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Oppenheimer restated an "outperform" rating and set a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. Finally, Zacks Research upgraded Golub Capital BDC from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.90.

Insider Transactions at Golub Capital BDC

In other news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

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.

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