Cura Wealth Advisors LLC Takes Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Cura Wealth Advisors bought 120,200 shares of Golub Capital BDC worth approximately $1.55 million, making the stock 0.7% of its portfolio. Institutional investors collectively own 42.38% of GBDC.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $13.90, despite several recent target-price reductions.
• Golub Capital BDC reported quarterly EPS of $0.34, exceeding estimates by $0.01, and declared a $0.33 quarterly dividend. The annualized dividend of $1.32 represents a yield of about 10%.

Cura Wealth Advisors LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,200 shares of the investment management company's stock, valued at approximately $1,548,000. Golub Capital BDC accounts for 0.7% of Cura Wealth Advisors LLC's holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Robertson Stephens Wealth Management LLC purchased a new stake in Golub Capital BDC in the fourth quarter worth $3,681,000. Strs Ohio boosted its stake in shares of Golub Capital BDC by 2.9% during the fourth quarter. Strs Ohio now owns 16,704,760 shares of the investment management company's stock valued at $226,684,000 after purchasing an additional 466,978 shares during the period. Legal & General Group Plc boosted its stake in shares of Golub Capital BDC by 18.1% during the fourth quarter. Legal & General Group Plc now owns 2,062,851 shares of the investment management company's stock valued at $27,983,000 after purchasing an additional 315,984 shares during the period. UBS Group AG grew its holdings in shares of Golub Capital BDC by 29.4% in the fourth quarter. UBS Group AG now owns 2,864,751 shares of the investment management company's stock worth $38,875,000 after purchasing an additional 651,110 shares during the last quarter. Finally, Orographic Financial Advisors LLC bought a new position in shares of Golub Capital BDC in the first quarter worth about $1,069,000. 42.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Zacks Research raised shares of Golub Capital BDC from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Royal Bank Of Canada decreased their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 7th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $14.00 price target on shares of Golub Capital BDC in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.90.

Golub Capital BDC Stock Performance

GBDC stock opened at $13.26 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50-day moving average price of $12.89 and a 200 day moving average price of $12.83. The company has a market capitalization of $3.44 billion, a P/E ratio of 20.40 and a beta of 0.39. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $14.93.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The company had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. Golub Capital BDC's payout ratio is 203.08%.

Golub Capital BDC Profile

Golub Capital BDC NASDAQ: GBDC is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company's core business activities center on originating and managing bespoke financing arrangements for U.S.

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