Arnhold LLC Purchases 35,000 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Arnhold LLC has increased its stake in Golub Capital BDC by 2.5%, acquiring an additional 35,000 shares, bringing its total to 1,447,589 shares.
• Golub Capital BDC's Chairman, Lawrence E. Golub, purchased over 6 million shares valued at approximately $91.7 million, considerably increasing his ownership in the company.
• The company declared a quarterly dividend of $0.39 per share, representing an annualized yield of 10.7%, although its payout ratio stands at 109.86%.

Arnhold LLC increased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,447,589 shares of the investment management company's stock after purchasing an additional 35,000 shares during the quarter. Golub Capital BDC makes up 2.2% of Arnhold LLC's portfolio, making the stock its 12th largest holding. Arnhold LLC owned approximately 0.54% of Golub Capital BDC worth $21,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBDC. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Golub Capital BDC by 65.0% during the first quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock valued at $1,721,000 after acquiring an additional 44,760 shares during the period. Sigma Investment Counselors Inc. bought a new position in shares of Golub Capital BDC during the first quarter valued at $10,935,000. Oppenheimer & Co. Inc. grew its stake in Golub Capital BDC by 98.6% during the first quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock worth $595,000 after buying an additional 19,496 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Golub Capital BDC by 60.6% during the fourth quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after buying an additional 52,155 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Golub Capital BDC by 24.1% during the first quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after buying an additional 2,541 shares during the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Trading Down 0.0%

Shares of GBDC traded down $0.01 during trading hours on Wednesday, reaching $14.73. The stock had a trading volume of 323,708 shares, compared to its average volume of 1,404,377. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The firm has a 50-day moving average of $14.87 and a 200 day moving average of $14.85. The company has a market cap of $3.92 billion, a P/E ratio of 10.37 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 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 business had revenue of $218.34 million during the quarter, compared to analysts' expectations of $215.47 million. During the same quarter in the prior year, the company earned $0.39 EPS. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed 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 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's payout ratio is 109.86%.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several research analyst reports. Bank of America decreased their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research note on Monday, May 12th. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Golub Capital BDC has an average rating of "Moderate Buy" and a consensus price target 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.