Cura Wealth Advisors LLC Raises Stock Holdings in Golub Capital BDC, Inc. $GBDC

Key Points

• Cura Wealth Advisors LLC increased its holdings in Golub Capital BDC, Inc. by 11.5% during the first quarter, making it the firm's 10th largest position with a total ownership of 268,700 shares.
• Golub Capital BDC's stock recently experienced a price adjustment, with Bank of America lowering its target price from $16.50 to $15.50 while maintaining a "buy" rating, indicating mixed analyst sentiment as two analysts rated it a Buy and one a Hold.
• The company announced a quarterly dividend of $0.39, resulting in a dividend yield of 10.5%, set to be paid on September 29, with an ex-dividend date of September 15.

Cura Wealth Advisors LLC lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,700 shares of the investment management company's stock after purchasing an additional 27,700 shares during the quarter. Golub Capital BDC accounts for about 1.6% of Cura Wealth Advisors LLC's portfolio, making the stock its 10th biggest position. Cura Wealth Advisors LLC owned about 0.10% of Golub Capital BDC worth $4,068,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GBDC. Snowden Capital Advisors LLC raised its holdings in shares of Golub Capital BDC by 0.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock worth $2,839,000 after acquiring an additional 814 shares during the period. Sowell Financial Services LLC raised its stake in shares of Golub Capital BDC by 6.0% in the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after purchasing an additional 848 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of Golub Capital BDC by 31.6% in 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 raised its position in Golub Capital BDC by 1.8% in the 1st quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock valued at $775,000 after buying an additional 926 shares during the last quarter. Finally, Catalina Capital Group LLC increased its stake in Golub Capital BDC by 7.7% in the 1st quarter. Catalina Capital Group LLC now owns 13,565 shares of the investment management company's stock valued at $205,000 after buying an additional 965 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on GBDC shares. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Bank of America lowered their price target on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Golub Capital BDC Stock Performance

Golub Capital BDC stock traded down $0.09 during trading hours on Wednesday, hitting $14.66. The company had a trading volume of 1,233,838 shares, compared to its average volume of 951,829. The firm has a market cap of $3.91 billion, a PE ratio of 10.32 and a beta of 0.48. 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, Inc. has a one year low of $12.68 and a one year high of $16.00. The firm has a 50-day moving average of $14.90 and a 200 day moving average of $14.81.

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, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million for the quarter, compared to analyst estimates 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 earnings per share. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 10.6%. Golub Capital BDC's dividend payout ratio (DPR) 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.