Golub Capital BDC, Inc. $GBDC Shares Bought by Raymond James Financial Inc.

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 stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 29.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 380,999 shares of the investment management company's stock after purchasing 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC raised its position 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 buying an additional 1,196,800 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Golub Capital BDC by 77.8% in the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after acquiring an additional 968,525 shares in the last quarter. Sigma Investment Counselors Inc. acquired a new position in shares of Golub Capital BDC during the first quarter valued at approximately $10,935,000. Allen Investment Management LLC raised its holdings in Golub Capital BDC by 11.9% during 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 holdings in Golub Capital BDC by 320.4% during 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.

Wall Street Analysts Forecast Growth

Separately, Bank of America decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Golub Capital BDC Trading Down 0.6%

Golub Capital BDC stock opened at $14.66 on Thursday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 10.32 and a beta of 0.48. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.00. The firm's 50 day moving average price is $14.90 and its two-hundred day moving average price is $14.81. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37.

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 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $218.34 million during 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 period last year, the company posted $0.39 EPS. On average, research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 yield of 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's payout ratio is presently 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.

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