EP Wealth Advisors LLC Invests $1.02 Million in Golub Capital BDC, Inc. $GBDC

Key Points

• EP Wealth Advisors acquired 78,991 shares of Golub Capital BDC during the second quarter, worth approximately $1.02 million. Institutional investors collectively own 42.38% of the company.
• Director Lawrence E. Golub sold 1.68 million shares for roughly $21.9 million, while insiders currently own 1.40% of the stock.
• Golub Capital BDC beat quarterly EPS estimates with $0.34 versus $0.33 expected and declared a $0.33 quarterly dividend, representing a 10.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $13.90.

EP Wealth Advisors LLC acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 78,991 shares of the investment management company's stock, valued at approximately $1,017,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Golub Capital BDC by 41.4% in the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company's stock worth $1,991,000 after purchasing an additional 38,534 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Golub Capital BDC by 19.7% in the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company's stock worth $659,000 after acquiring an additional 7,178 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Golub Capital BDC by 140.0% during the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company's stock valued at $415,000 after acquiring an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Golub Capital BDC during the first quarter valued at about $6,491,000. Finally, Focus Partners Wealth raised its position in shares of Golub Capital BDC by 24.9% in the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company's stock valued at $505,000 after purchasing an additional 6,658 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Insiders Place Their Bets

In other news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $13.20 on Monday. The firm has a market cap of $3.43 billion, a PE ratio of 20.31 and a beta of 0.39. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $14.93. The business's fifty day simple moving average is $12.89 and its 200-day simple moving average is $12.82.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $189.91 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on GBDC shares. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings restated a "hold (c)" rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research upgraded 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 dropped their price objective 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 set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Golub Capital BDC currently has an average rating of "Moderate Buy" and an average target price of $13.90.

About Golub Capital BDC

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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