Border to Coast Pensions Partnership Ltd Has $12.45 Million Holdings in Golub Capital BDC, Inc. $GBDC

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in Golub Capital BDC, Inc. by 6.3%, acquiring an additional 50,000 shares, bringing its total ownership to approximately 850,000 shares worth $12.45 million.
• Golub Capital BDC reported earnings of $0.39 per share for the quarter, exceeding analysts' expectations, with revenues of $218.34 million.
• The company announced a quarterly dividend of $0.39 per share, resulting in a 10.9% yield, despite a dividend payout ratio of 109.86%.

Border to Coast Pensions Partnership Ltd increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 6.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 850,000 shares of the investment management company's stock after acquiring an additional 50,000 shares during the period. Border to Coast Pensions Partnership Ltd owned about 0.32% of Golub Capital BDC worth $12,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio purchased a new stake in Golub Capital BDC during the 1st quarter valued at $232,864,000. Allen Investment Management LLC increased its holdings in shares of Golub Capital BDC by 11.9% in the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock valued at $62,615,000 after purchasing an additional 441,050 shares in the last quarter. Northeast Financial Consultants Inc lifted its position in Golub Capital BDC by 60.4% during the first quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company's stock valued at $62,377,000 after buying an additional 1,552,223 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Golub Capital BDC by 4.2% during the first quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock worth $48,203,000 after acquiring an additional 128,457 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Golub Capital BDC by 9.4% in the 1st quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company's stock valued at $41,575,000 after purchasing an additional 236,613 shares during the period. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded up $0.13 during midday trading on Friday, reaching $14.33. The company's stock had a trading volume of 1,643,563 shares, compared to its average volume of 1,065,806. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The company has a market capitalization of $3.82 billion, a P/E ratio of 10.09 and a beta of 0.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. The business's fifty day simple moving average is $14.84 and its 200-day simple moving average is $14.71.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The company had revenue of $218.34 million during the quarter, compared to the consensus estimate of $215.47 million. During the same period last year, the company earned $0.39 earnings per share. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is 109.86%.

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.