Credit Agricole S A Buys 79,855 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Credit Agricole S A significantly increased its stake in Golub Capital BDC by 280.4%, owning 108,336 shares valued at $1.64 million after acquiring 79,855 additional shares in the 1st quarter.
• Multiple institutional investors, including Bank of America and Allen Investment Management, have also raised their stakes in Golub Capital BDC, reflecting increasing interest in the company among hedge funds.
• Golub Capital BDC declared a quarterly dividend of $0.39 per share, yielding 10.6%, which will be paid to stockholders on September 29th, indicating strong cash flow and commitment to return value to shareholders.

Credit Agricole S A raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 280.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,336 shares of the investment management company's stock after acquiring an additional 79,855 shares during the quarter. Credit Agricole S A's holdings in Golub Capital BDC were worth $1,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GBDC. VSM Wealth Advisory LLC grew its position in shares of Golub Capital BDC by 102.0% during the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock worth $39,000 after buying an additional 1,295 shares during the period. Future Financial Wealth Managment LLC grew its position in shares of Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after buying an additional 1,690 shares during the period. Optiver Holding B.V. grew its position in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after buying an additional 688 shares during the period. Hexagon Capital Partners LLC grew its position 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 buying an additional 868 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Golub Capital BDC by 794.3% during the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock worth $91,000 after buying an additional 5,330 shares during the period. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Up 0.4%

NASDAQ:GBDC traded up $0.06 during trading hours on Thursday, hitting $14.78. 768,191 shares of the company traded hands, compared to its average volume of 1,403,089. 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 simple moving average is $14.87 and its 200-day simple moving average is $14.85. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00. The company has a market cap of $3.94 billion, a PE ratio of 10.41 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million for the quarter, compared to analysts' expectations 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 previous year, the business posted $0.39 EPS. Equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

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 issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC's payout ratio is presently 109.86%.

Analyst Ratings Changes

Several analysts have recently commented on GBDC shares. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Bank of America cut their target price on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.00.

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.