Golub Capital BDC, Inc. (NASDAQ:GBDC) Holdings Boosted by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC grew its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 41.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 260,325 shares of the investment management company's stock after purchasing an additional 76,723 shares during the quarter. Golub Capital BDC makes up about 3.3% of Eagle Bay Advisors LLC's holdings, making the stock its 8th largest position. Eagle Bay Advisors LLC owned 0.10% of Golub Capital BDC worth $3,941,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. increased its stake in Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after purchasing an additional 688 shares during the period. Snowden Capital Advisors LLC increased its stake in Golub Capital BDC by 0.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after purchasing an additional 814 shares during the period. Sowell Financial Services LLC increased its stake in Golub Capital BDC by 6.0% in the first quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after purchasing an additional 848 shares during the period. Hexagon Capital Partners LLC increased its stake in Golub Capital BDC by 31.6% in 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. Finally, Amplius Wealth Advisors LLC increased its stake in Golub Capital BDC by 1.8% in the first quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock valued at $775,000 after purchasing an additional 926 shares during the period. Hedge funds and other institutional investors own 42.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America dropped their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Golub Capital BDC Stock Down 0.3%

Shares of NASDAQ GBDC opened at $15.44 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market capitalization of $4.11 billion, a PE ratio of 13.66 and a beta of 0.51. The firm's 50-day moving average is $14.92 and its two-hundred day moving average is $14.94. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.01.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. During the same period in the previous year, the company posted $0.55 EPS. Equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.10%. The ex-dividend date was Friday, June 13th. Golub Capital BDC's payout ratio is currently 138.05%.

Insider Activity

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the transaction, the chairman directly owned 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is owned by insiders.

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.

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