Border to Coast Pensions Partnership Ltd Acquires 50,000 Shares of 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 lifted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 6.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 850,000 shares of the investment management company's stock after buying an additional 50,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned approximately 0.32% of Golub Capital BDC worth $12,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC grew its position in shares of Golub Capital BDC by 0.3% during the second quarter. Eagle Bay Advisors LLC now owns 261,033 shares of the investment management company's stock worth $3,824,000 after purchasing an additional 708 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Golub Capital BDC by 3.0% in the second quarter. Pallas Capital Advisors LLC now owns 45,346 shares of the investment management company's stock worth $664,000 after buying an additional 1,307 shares in the last quarter. Triumph Capital Management lifted its holdings in shares of Golub Capital BDC by 2.0% in the second quarter. Triumph Capital Management now owns 52,018 shares of the investment management company's stock worth $762,000 after buying an additional 1,015 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its holdings in Golub Capital BDC by 36.4% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 86,200 shares of the investment management company's stock valued at $1,263,000 after acquiring an additional 23,000 shares during the last quarter. Finally, Adams Asset Advisors LLC increased its holdings in Golub Capital BDC by 71.7% in the 2nd quarter. Adams Asset Advisors LLC now owns 137,723 shares of the investment management company's stock valued at $2,018,000 after acquiring an additional 57,533 shares during the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded down $0.04 during midday trading on Tuesday, reaching $13.99. 914,249 shares of the stock traded hands, compared to its average volume of 1,385,848. The stock has a market cap of $3.73 billion, a P/E ratio of 9.85 and a beta of 0.48. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The stock's fifty day moving average is $14.81 and its 200-day moving average is $14.71. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28.

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 the consensus estimate 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 business had revenue of $218.34 million for the quarter, compared to analysts' expectations of $215.47 million. During the same period in the prior year, the firm earned $0.39 EPS. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.2%. Golub Capital BDC's dividend payout ratio (DPR) is presently 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.