Generali Asset Management SPA SGR Raises Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Generali Asset Management SPA SGR increased its stake in Golub Capital BDC by 39.6% to own over 2.5 million shares, making it the 25th largest holding in their portfolio.
• Golub Capital BDC recently reported an EPS of $0.39 for the most recent quarter, exceeding analysts' expectations, with a revenue of $218.34 million.
• The company declared a quarterly dividend of $0.39 per share, yielding 11.1%, although this represents a payout ratio of 109.86%.

Generali Asset Management SPA SGR increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 39.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,512,705 shares of the investment management company's stock after purchasing an additional 712,705 shares during the quarter. Golub Capital BDC makes up approximately 0.8% of Generali Asset Management SPA SGR's portfolio, making the stock its 25th biggest holding. Generali Asset Management SPA SGR owned 0.94% of Golub Capital BDC worth $36,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank Pictet & Cie Europe AG purchased a new stake in Golub Capital BDC in the first quarter worth $204,000. Janney Montgomery Scott LLC grew its stake in shares of Golub Capital BDC by 4.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 119,856 shares of the investment management company's stock worth $1,815,000 after acquiring an additional 4,798 shares during the period. Sowell Financial Services LLC grew its stake in shares of Golub Capital BDC by 6.0% during the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock worth $226,000 after acquiring an additional 848 shares during the period. Cornerstone Wealth Management LLC increased its holdings in Golub Capital BDC by 24.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after acquiring an additional 2,541 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in Golub Capital BDC by 39.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 34,591 shares of the investment management company's stock valued at $526,000 after acquiring an additional 9,858 shares during the period. 42.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Golub Capital BDC in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $14.06 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The stock has a market cap of $3.75 billion, a PE ratio of 9.90 and a beta of 0.48. The stock has a fifty day moving average of $14.35 and a 200-day moving average of $14.57.

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, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $218.34 million during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.39 EPS. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 11.1%. Golub Capital BDC's payout ratio is currently 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.

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