AlphaQ Advisors LLC Takes Position in Golub Capital BDC, Inc. $GBDC

Key Points

• AlphaQ Advisors LLC has invested approximately $271,000 in Golub Capital BDC by purchasing 17,886 shares during the first quarter.
• Golub Capital BDC recently reported an earnings per share (EPS) of $0.39 for the last quarter, exceeding estimates, and has declared a quarterly dividend of $0.39 to be paid on September 29th.
• The stock of Golub Capital BDC currently holds an average rating of "Moderate Buy" from analysts, with a target price of $15.00, following recent upgrades and downgrades by various research analysts.

AlphaQ Advisors LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 17,886 shares of the investment management company's stock, valued at approximately $271,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Golub Capital BDC in the 1st quarter valued at $34,000. VSM Wealth Advisory LLC increased its stake in shares of Golub Capital BDC by 102.0% in the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock valued at $39,000 after acquiring an additional 1,295 shares in the last quarter. Future Financial Wealth Managment LLC increased its stake in shares of Golub Capital BDC by 130.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after acquiring an additional 1,690 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Golub Capital BDC in the 1st quarter valued at $50,000. Finally, Hexagon Capital Partners LLC increased its stake in shares of Golub Capital BDC by 31.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock valued at $55,000 after acquiring an additional 868 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

Separately, Bank of America lowered their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research note on Monday, May 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded down $0.04 during midday trading on Friday, reaching $14.75. The company had a trading volume of 944,413 shares, compared to its average volume of 959,848. The company's 50 day moving average price is $14.91 and its 200 day moving average price is $14.79. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The stock has a market cap of $3.93 billion, a P/E ratio of 10.39 and a beta of 0.48. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.00.

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 analysts' consensus estimates of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The company had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. During the same period in the previous year, the firm earned $0.39 EPS. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's payout ratio is currently 109.86%.

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.