Baillie Gifford & Co. Boosts Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• Baillie Gifford & Co. increased its stake in Golub Capital BDC, Inc. by 30.9%, acquiring an additional 129,461 shares, bringing its total ownership to 548,319 shares valued at approximately $8.3 million.
• Golub Capital BDC reported earnings per share (EPS) of $0.39 for the last quarter, which was below analyst expectations of $0.41, alongside a revenue of $211.1 million compared to projections of $223.9 million.
• The company announced a quarterly dividend of $0.39, resulting in an annualized dividend yield of 10.16%, despite a payout ratio of 138.05%.

Baillie Gifford & Co. lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 30.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 548,319 shares of the investment management company's stock after purchasing an additional 129,461 shares during the period. Baillie Gifford & Co. owned 0.21% of Golub Capital BDC worth $8,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. raised its stake in Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after acquiring an additional 688 shares during the period. Snowden Capital Advisors LLC grew its holdings in shares of Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock worth $2,839,000 after purchasing an additional 814 shares in the last quarter. Sowell Financial Services LLC grew its holdings in shares of Golub Capital BDC by 6.0% during the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock worth $226,000 after purchasing an additional 848 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after purchasing an additional 868 shares in the last quarter. Finally, Amplius Wealth Advisors LLC lifted its position in shares of Golub Capital BDC by 1.8% during the 1st quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock worth $775,000 after buying an additional 926 shares during the last quarter. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.0%

GBDC traded up $0.01 during trading on Wednesday, hitting $15.06. The company's stock had a trading volume of 331,707 shares, compared to its average volume of 1,454,506. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.19. The stock's fifty day moving average price is $14.96 and its 200-day moving average price is $14.94. The firm has a market capitalization of $4.01 billion, a P/E ratio of 13.32 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The business had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same period last year, the firm posted $0.55 earnings per share. Analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.36%. Golub Capital BDC's dividend payout ratio is 138.05%.

Insider Activity at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the acquisition, the chairman directly owned 6,059,971 shares in the company, valued at $91,687,361.23. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GBDC. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has an average rating of "Moderate Buy" and an average target price of $15.50.

Golub Capital BDC Company 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.