Focused Wealth Management Inc Makes New Investment in Golub Capital BDC, Inc. $GBDC

Key Points

• Focused Wealth Management purchased 125,391 shares of Golub Capital BDC in the second quarter, valued at approximately $1.6 million. Institutional investors and hedge funds collectively own 42.38% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $13.90. Golub Capital BDC recently reported quarterly EPS of $0.34, slightly above expectations.
• The company declared a quarterly dividend of $0.33, equivalent to an annualized $1.32 payout and a 10.1% yield. Director Lawrence E. Golub separately sold approximately $21.9 million worth of shares.

Focused Wealth Management Inc purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 125,391 shares of the investment management company's stock, valued at approximately $1,615,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GBDC. Main Street Group LTD purchased a new stake in Golub Capital BDC during the first quarter worth about $47,000. Fifth Third Bancorp acquired a new stake in shares of Golub Capital BDC during the 1st quarter worth about $68,000. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the third quarter worth approximately $77,000. Clearstead Advisors LLC raised its stake in Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company's stock worth $81,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company's stock worth $87,000 after purchasing an additional 3,287 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GBDC has been the subject of several analyst reports. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Royal Bank Of Canada cut their price target on 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. Oppenheimer restated an "outperform" rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Golub Capital BDC from a "strong sell" rating to a "hold" rating in a report on Monday, July 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 data from MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus target price of $13.90.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $13.12 on Tuesday. The firm has a market capitalization of $3.41 billion, a P/E ratio of 20.18 and a beta of 0.39. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93. 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 company's fifty day moving average price is $12.89 and its two-hundred day moving average price is $12.83.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $98.53 million for the quarter, compared to the consensus estimate of $189.91 million. During the same period in the prior year, the firm posted $0.39 EPS. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 annualized dividend and a dividend yield of 10.1%. Golub Capital BDC's dividend payout ratio is presently 203.08%.

Insider Transactions at Golub Capital BDC

In other news, Director Lawrence E. Golub sold 1,676,387 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Golub Capital BDC Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source