Adams Asset Advisors LLC Has $2.02 Million Stake in Golub Capital BDC, Inc. $GBDC

Key Points

• Adams Asset Advisors LLC increased its holdings in Golub Capital BDC by 71.7%, owning over 137,000 shares worth approximately $2 million.
• The company has announced a quarterly dividend of $0.39 per share, representing a 10.6% dividend yield, with a payout ratio of 109.86%.
• Golub Capital BDC's recent quarterly earnings report indicated an EPS of $0.39, exceeding analysts' expectations, and revenues of $218.34 million.

Adams Asset Advisors LLC raised its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 71.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,723 shares of the investment management company's stock after buying an additional 57,533 shares during the quarter. Adams Asset Advisors LLC owned about 0.05% of Golub Capital BDC worth $2,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $34,000. VSM Wealth Advisory LLC increased its position 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 valued at $39,000 after purchasing an additional 1,295 shares during the period. Future Financial Wealth Managment LLC increased its position 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 valued at $45,000 after purchasing an additional 1,690 shares during the period. SVB Wealth LLC bought a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $50,000. Finally, Hexagon Capital Partners LLC increased its position 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 valued at $55,000 after purchasing an additional 868 shares during the period. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC traded up $0.02 on Friday, reaching $14.22. 325,626 shares of the stock traded hands, compared to its average volume of 1,380,003. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 10.01 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 12 month low of $12.68 and a 12 month high of $16.00. The stock's 50-day moving average price is $14.85 and its 200-day moving average price is $14.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business 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 in the previous year, the firm earned $0.39 EPS. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 11.0%. Golub Capital BDC's payout ratio is currently 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.