Focus Partners Advisor Solutions LLC Takes $292,000 Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Focus Partners Advisor Solutions LLC acquired 19,309 shares of Golub Capital BDC, valued at approximately $292,000, in the first quarter, highlighting increasing institutional interest in the company.
• Bank of America has revised its target price for Golub Capital BDC from $16.50 to $15.50 while maintaining a "buy" rating, reflecting a cautious but positive outlook on the company.
• Golub Capital BDC announced a quarterly dividend of $0.39, representing an annualized yield of 10.6%, indicating strong cash flow despite a high dividend payout ratio of 109.86%.

Focus Partners Advisor Solutions LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,309 shares of the investment management company's stock, valued at approximately $292,000.

Several other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Golub Capital BDC by 41.4% in the 1st 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. MAI Capital Management raised its position in shares of Golub Capital BDC by 2.0% during the 1st quarter. MAI Capital Management now owns 1,374,377 shares of the investment management company's stock valued at $20,808,000 after acquiring an additional 26,330 shares during the last quarter. Cura Wealth Advisors LLC raised its position in shares of Golub Capital BDC by 11.5% during the 1st quarter. Cura Wealth Advisors LLC now owns 268,700 shares of the investment management company's stock valued at $4,068,000 after acquiring an additional 27,700 shares during the last quarter. Quarry LP bought a new stake in shares of Golub Capital BDC during the 1st quarter valued at $34,000. Finally, Vident Advisory LLC bought a new stake in shares of Golub Capital BDC during the 1st quarter valued at $237,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Down 0.1%

Shares of Golub Capital BDC stock traded down $0.02 on Friday, hitting $14.76. 1,340,221 shares of the company's stock traded hands, compared to its average volume of 914,116. The firm's 50-day moving average price is $14.92 and its two-hundred day moving average price is $14.76. The stock has a market capitalization of $3.93 billion, a PE ratio of 10.39 and a beta of 0.48. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $218.34 million during the quarter, compared to analysts' expectations of $215.47 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. During the same quarter in the previous year, the company posted $0.39 EPS. On average, research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

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

Golub Capital BDC Profile

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.