Goldman Sachs Group Inc. Sells 527,121 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Goldman Sachs Group Inc. significantly reduced its stake in Golub Capital BDC, Inc., selling 527,121 shares to hold only 82,284 shares, which are valued at approximately $1.246 million.
• The firm announced a quarterly dividend of $0.39 per share, yielding 10.9%, with the payout reflecting a payout ratio of 109.86%.
• Golub Capital BDC reported a quarterly EPS of $0.39, exceeding analyst expectations, alongside a revenue of $218.34 million for the last quarter.

Goldman Sachs Group Inc. trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 86.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,284 shares of the investment management company's stock after selling 527,121 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Golub Capital BDC were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Sowell Financial Services LLC boosted its holdings 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 buying an additional 848 shares during the period. Hexagon Capital Partners LLC boosted its stake in Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock valued at $55,000 after purchasing an additional 868 shares during the period. Amplius Wealth Advisors LLC boosted its stake in Golub Capital BDC by 1.8% during the 1st quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock valued at $775,000 after purchasing an additional 926 shares during the period. Catalina Capital Group LLC boosted its stake in Golub Capital BDC by 7.7% during the 1st quarter. Catalina Capital Group LLC now owns 13,565 shares of the investment management company's stock valued at $205,000 after purchasing an additional 965 shares during the period. Finally, Beverly Hills Private Wealth LLC boosted its stake in Golub Capital BDC by 5.4% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 22,616 shares of the investment management company's stock valued at $342,000 after purchasing an additional 1,150 shares during the period. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Performance

NASDAQ:GBDC traded down $0.31 during mid-day trading on Monday, hitting $14.02. 1,601,170 shares of the company's stock traded hands, compared to its average volume of 1,065,806. The firm has a 50 day moving average of $14.81 and a two-hundred day moving average of $14.71. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 9.87 and a beta of 0.48. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28.

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

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's payout ratio is 109.86%.

Golub Capital BDC Company 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.