Golub Capital BDC, Inc. $GBDC Stake Boosted by Confluence Investment Management LLC

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 boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 29.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 451,191 shares of the investment management company's stock after acquiring an additional 101,358 shares during the quarter. Confluence Investment Management LLC owned about 0.17% of Golub Capital BDC worth $6,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strs Ohio purchased a new position in Golub Capital BDC in the 1st quarter worth approximately $232,864,000. Allen Investment Management LLC boosted its stake in shares of Golub Capital BDC by 11.9% during 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 buying an additional 441,050 shares during the last quarter. Northeast Financial Consultants Inc boosted its stake in shares of Golub Capital BDC by 60.4% during the 1st 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 during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Golub Capital BDC by 4.2% during the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after buying an additional 128,457 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its stake in shares of Golub Capital BDC by 9.4% during 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 buying an additional 236,613 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Down 0.2%

Shares of Golub Capital BDC stock traded down $0.03 on Friday, hitting $14.18. 256,556 shares of the company's stock traded hands, compared to its average volume of 1,379,577. The stock has a market cap of $3.78 billion, a P/E ratio of 9.97 and a beta of 0.48. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. The firm's 50-day moving average is $14.85 and its 200 day moving average is $14.72. 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 announced 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 firm had revenue of $218.34 million for the quarter, compared to analysts' expectations of $215.47 million. During the same period last year, the business posted $0.39 earnings per share. Equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

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 dividend of $0.39 per share. The ex-dividend date is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 11.0%. Golub Capital BDC's dividend payout ratio (DPR) is 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.