Partners Group Holding AG Purchases 180,446 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Partners Group Holding AG has increased its stake in Golub Capital BDC, Inc. by 9.9%, making it one of the firm's largest holdings.
• Golub Capital BDC recently reported $0.39 EPS for the quarter, exceeding analysts’ expectations, and declared a quarterly dividend of $0.39.
• Several institutional investors, including Bank of America and Millennium Management, have significantly increased their positions in Golub Capital BDC during recent quarters, reflecting growing interest in the company.

Partners Group Holding AG grew its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,000,926 shares of the investment management company's stock after purchasing an additional 180,446 shares during the quarter. Golub Capital BDC accounts for 1.3% of Partners Group Holding AG's portfolio, making the stock its 27th largest position. Partners Group Holding AG owned about 0.75% of Golub Capital BDC worth $30,294,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GBDC. VSM Wealth Advisory LLC lifted its position in shares of 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 valued at $39,000 after acquiring an additional 1,295 shares during the last quarter. Future Financial Wealth Managment LLC grew its stake in Golub Capital BDC by 130.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after buying an additional 1,690 shares during the last quarter. Optiver Holding B.V. increased its stake in shares of 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 worth $47,000 after purchasing an additional 688 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Golub Capital BDC by 31.6% during the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after buying an additional 868 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Golub Capital BDC by 794.3% during the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock worth $91,000 after buying an additional 5,330 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the acquisition, the chairman directly owned 6,059,971 shares of the company's stock, valued at $91,687,361.23. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GBDC shares. Bank of America cut their price objective 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. Wells Fargo & Company cut their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Golub Capital BDC Price Performance

NASDAQ:GBDC traded down $0.0250 during trading hours on Wednesday, reaching $14.7150. The company had a trading volume of 1,014,549 shares, compared to its average volume of 1,417,863. The firm has a market capitalization of $3.92 billion, a PE ratio of 10.36 and a beta of 0.51. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average of $14.88 and a two-hundred day moving average of $14.88. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $218.34 million for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.39 earnings per share. Analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders 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 dividend yield of 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend payout ratio is presently 109.86%.

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.