Golub Capital BDC, Inc. $GBDC is Northeast Financial Consultants Inc's 9th Largest Position

Key Points

• Northeast Financial Consultants Inc increased its stake in Golub Capital BDC, Inc. by 60.4%, making it the company's 9th largest holding, now owning 4,120,043 shares valued at approximately $62.4 million.
• Golub Capital BDC reported $0.39 earnings per share for the last quarter, surpassing analysts' expectations, with a net margin of 42.81%.
• The company announced a quarterly dividend of $0.39, which results in an annualized dividend yield of 10.5%.

Northeast Financial Consultants Inc increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 60.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,120,043 shares of the investment management company's stock after acquiring an additional 1,552,223 shares during the quarter. Golub Capital BDC makes up about 2.8% of Northeast Financial Consultants Inc's portfolio, making the stock its 9th biggest holding. Northeast Financial Consultants Inc owned 1.55% of Golub Capital BDC worth $62,377,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. Quarry LP purchased a new stake in Golub Capital BDC in the 1st quarter worth $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 buying an additional 1,295 shares in 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 buying an additional 1,690 shares in the last quarter. SVB Wealth LLC purchased 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 buying an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.4%

Shares of GBDC opened at $14.81 on Tuesday. 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, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00. The firm has a 50-day moving average price of $14.91 and a 200 day moving average price of $14.77. The firm has a market capitalization of $3.95 billion, a P/E ratio of 10.43 and a beta of 0.48.

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

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.5%. Golub Capital BDC's dividend payout ratio is currently 109.86%.

Analysts Set New Price Targets

Separately, Bank of America dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a report on Monday, May 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Golub Capital BDC has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

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.

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