Golub Capital BDC, Inc. $GBDC Shares Sold by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC cut its Golub Capital BDC stake by 35.2% in the first quarter, selling 76,649 shares and retaining 141,065 shares worth approximately $1.8 million.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $13.90, despite some analysts lowering targets and one downgrading the stock to “sell.”
• Golub Capital BDC reported quarterly EPS of $0.34, slightly above estimates, and declared a $0.33 quarterly dividend. The annualized dividend of $1.32 implies a yield of about 10.1%.

Parallel Advisors LLC reduced its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 35.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,065 shares of the investment management company's stock after selling 76,649 shares during the period. Parallel Advisors LLC owned 0.05% of Golub Capital BDC worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sage Mountain Advisors LLC boosted its stake in Golub Capital BDC by 11.0% during the 4th quarter. Sage Mountain Advisors LLC now owns 3,360,932 shares of the investment management company's stock valued at $45,608,000 after purchasing an additional 332,443 shares in the last quarter. Strs Ohio raised its stake in shares of Golub Capital BDC by 2.9% in the 4th quarter. Strs Ohio now owns 16,704,760 shares of the investment management company's stock worth $226,684,000 after buying an additional 466,978 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter valued at $3,681,000. UBS Group AG boosted its stake in Golub Capital BDC by 29.4% during the fourth quarter. UBS Group AG now owns 2,864,751 shares of the investment management company's stock valued at $38,875,000 after buying an additional 651,110 shares in the last quarter. Finally, Orographic Financial Advisors LLC bought a new position in Golub Capital BDC during the first quarter valued at about $1,069,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Golub Capital BDC from $14.00 to $13.50 and set an "outperform" rating on the stock in a research report on Wednesday. Wall Street Zen downgraded shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Sunday, April 19th. Weiss Ratings reissued a "hold (c)" rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Golub Capital BDC from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada decreased their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Golub Capital BDC currently has a consensus rating of "Moderate Buy" and an average target price of $13.90.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $13.06 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 2.20. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 20.09 and a beta of 0.39. The company has a 50 day simple moving average of $12.88 and a 200-day simple moving average of $12.86. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The firm had revenue of $187.73 million for the quarter, compared to the consensus estimate of $189.91 million. During the same period in the previous year, the firm posted $0.39 earnings per share. Equities research analysts predict that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. Golub Capital BDC's dividend payout ratio is 203.08%.

Golub Capital BDC Company Profile

Golub Capital BDC NASDAQ: GBDC is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company's core business activities center on originating and managing bespoke financing arrangements for U.S.

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