Confluence Investment Management LLC Purchases 101,358 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Confluence Investment Management LLC increased its stake in Golub Capital BDC by 29.0%, acquiring an additional 101,358 shares, bringing its total holdings to 451,191 shares worth approximately $6.61 million.
• The investment management company reported $0.39 earnings per share for the last quarter, slightly exceeding analysts' expectations and bringing its revenue to $218.34 million.
• Golub Capital BDC announced a quarterly dividend of $0.39, resulting in an annualized yield of 10.6%, with a payout ratio currently at 109.86%.

Confluence Investment Management LLC increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 29.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451,191 shares of the investment management company's stock after purchasing an additional 101,358 shares during the period. Confluence Investment Management LLC owned approximately 0.17% of Golub Capital BDC worth $6,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GBDC. Northern Trust Corp grew its stake in shares of Golub Capital BDC by 18.0% in the fourth quarter. Northern Trust Corp now owns 110,559 shares of the investment management company's stock valued at $1,676,000 after acquiring an additional 16,904 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Golub Capital BDC by 16.6% during the 4th quarter. Ameriprise Financial Inc. now owns 66,378 shares of the investment management company's stock worth $1,006,000 after purchasing an additional 9,429 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Golub Capital BDC by 60.6% during the fourth quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after purchasing an additional 52,155 shares during the period. Bank of America Corp DE raised its position in shares of Golub Capital BDC by 77.8% in the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after buying an additional 968,525 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Golub Capital BDC by 11.5% in the fourth quarter. Cetera Investment Advisers now owns 93,998 shares of the investment management company's stock valued at $1,425,000 after buying an additional 9,694 shares during the period. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $14.76 on Friday. The firm has a market cap of $3.93 billion, a PE ratio of 10.39 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 stock's fifty day moving average price is $14.92 and its two-hundred day moving average price is $14.75. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results 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. The company had revenue of $218.34 million for the quarter, compared to analyst estimates of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same period in the prior year, the firm posted $0.39 EPS. As a group, research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

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

About Golub Capital BDC

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.

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