Raymond James Financial Inc. Has $5.77 Million Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Raymond James Financial Inc. increased its stake in Golub Capital BDC, Inc. by 29.2% in the first quarter, owning 380,999 shares valued at approximately $5.77 million.
• The company reported $0.39 earnings per share for the last quarter, surpassing analyst expectations, and is projected to maintain a 10.6% annualized dividend yield.
• Despite a current market price of $14.66, Bank of America has adjusted its price target on Golub Capital BDC from $16.50 to $15.50, maintaining a "buy" rating.

Raymond James Financial Inc. increased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 29.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,999 shares of the investment management company's stock after acquiring an additional 86,161 shares during the quarter. Raymond James Financial Inc. owned about 0.14% of Golub Capital BDC worth $5,768,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GBDC. Millennium Management LLC increased its holdings in shares of Golub Capital BDC by 168.0% during the 4th quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock worth $28,945,000 after purchasing an additional 1,196,800 shares during the period. Bank of America Corp DE increased its holdings in shares of Golub Capital BDC by 77.8% during the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock worth $33,559,000 after purchasing an additional 968,525 shares during the period. Sigma Investment Counselors Inc. bought a new stake in Golub Capital BDC in the first quarter valued at about $10,935,000. Allen Investment Management LLC raised its position in Golub Capital BDC by 11.9% in the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock worth $62,615,000 after purchasing an additional 441,050 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC raised its position in Golub Capital BDC by 320.4% in the first quarter. Castlekeep Investment Advisors LLC now owns 342,447 shares of the investment management company's stock worth $5,185,000 after purchasing an additional 260,982 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded down $0.09 during trading on Tuesday, reaching $14.73. The stock had a trading volume of 304,467 shares, compared to its average volume of 1,384,533. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The business's 50-day moving average price is $14.91 and its 200 day moving average price is $14.77. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $3.92 billion, a PE ratio of 10.36 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results 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. The company had revenue of $218.34 million during the quarter, compared to analysts' expectations of $215.47 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current 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 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 10.6%. Golub Capital BDC's dividend payout ratio (DPR) is currently 109.86%.

Analysts Set New Price Targets

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