EP Wealth Advisors LLC Has $2.21 Million Position in Golub Capital BDC, Inc. $GBDC

Key Points

• EP Wealth Advisors LLC reduced its holdings in Golub Capital BDC by 14.1%, now owning 145,855 shares valued at approximately $2.2 million.
• Golub Capital BDC announced a quarterly dividend of $0.39 per share, which signifies a 10.5% dividend yield for investors.
• Bank of America recently lowered the price target for Golub Capital BDC from $16.50 to $15.50 while maintaining a "buy" rating, with a current consensus price target of $15.00.

EP Wealth Advisors LLC decreased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,855 shares of the investment management company's stock after selling 23,909 shares during the quarter. EP Wealth Advisors LLC owned 0.05% of Golub Capital BDC worth $2,208,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GBDC. Quarry LP acquired a new position in Golub Capital BDC in the first quarter worth approximately $34,000. VSM Wealth Advisory LLC grew its position in Golub Capital BDC by 102.0% during the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock worth $39,000 after purchasing an additional 1,295 shares in the last quarter. Future Financial Wealth Managment LLC grew its position in Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after purchasing an additional 1,690 shares in the last quarter. SVB Wealth LLC purchased a new position in Golub Capital BDC during the 1st quarter worth approximately $50,000. Finally, Hexagon Capital Partners LLC grew its position in Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after purchasing an additional 868 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.2%

NASDAQ GBDC traded up $0.03 on Wednesday, hitting $14.70. 159,688 shares of the stock were exchanged, compared to its average volume of 1,381,932. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.00. 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 company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 10.35 and a beta of 0.48. The company's 50-day moving average price is $14.92 and its two-hundred day moving average price is $14.77.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted 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. 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 for the quarter, compared to analysts' expectations of $215.47 million. During the same period in the previous year, the company posted $0.39 EPS. Research analysts predict 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. Shareholders of record on Monday, September 15th will be given 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%.

About Golub Capital BDC

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.