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

A number of other large investors have also recently bought and sold shares of GBDC. Quarry LP bought a new stake in Golub Capital BDC in the first quarter valued at $34,000. VSM Wealth Advisory LLC grew its holdings in shares of Golub Capital BDC by 102.0% during the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock worth $39,000 after purchasing an additional 1,295 shares during the last quarter. Future Financial Wealth Managment LLC grew its holdings in shares of Golub Capital BDC by 130.0% during the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after purchasing an additional 1,690 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Golub Capital BDC during the first quarter worth $50,000. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Golub Capital BDC by 31.6% during the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after purchasing an additional 868 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $14.33 on Monday. The stock's fifty day moving average is $14.84 and its 200-day moving average is $14.71. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market capitalization of $3.82 billion, a PE ratio of 10.09 and a beta of 0.48. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced 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 company had revenue of $218.34 million for the quarter, compared to analysts' expectations 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 in the prior year, the business earned $0.39 earnings per share. Equities 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. Stockholders of record on Monday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend 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.

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