Golub Capital BDC, Inc. (NASDAQ:GBDC) Holdings Trimmed by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP significantly reduced its holdings in Golub Capital BDC, decreasing its stake by 76.8% during the first quarter, ending with 37,243 shares valued at approximately $564,000.
• Several other institutional investors, including LPL Financial LLC and Franklin Resources Inc., have increased their stakes in Golub Capital BDC, with overall institutional ownership now at 42.38%.
• Wall Street analysts have mixed views on Golub Capital BDC, with a consensus rating of "Moderate Buy" and a target price of $15.50, though some analysts have lowered their price objectives recently.

GSA Capital Partners LLP decreased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 76.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,243 shares of the investment management company's stock after selling 123,543 shares during the period. GSA Capital Partners LLP's holdings in Golub Capital BDC were worth $564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ironsides Asset Advisors LLC acquired a new stake in Golub Capital BDC during the first quarter worth about $196,000. Foundations Investment Advisors LLC lifted its stake in shares of Golub Capital BDC by 74.3% during the 1st quarter. Foundations Investment Advisors LLC now owns 28,343 shares of the investment management company's stock valued at $429,000 after buying an additional 12,079 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Golub Capital BDC in the first quarter worth about $499,000. LPL Financial LLC boosted its position in shares of Golub Capital BDC by 16.1% during the 1st quarter. LPL Financial LLC now owns 424,266 shares of the investment management company's stock valued at $6,423,000 after acquiring an additional 58,907 shares during the last quarter. Finally, Texas Yale Capital Corp. boosted its holdings in shares of Golub Capital BDC by 10.8% in the 1st quarter. Texas Yale Capital Corp. now owns 173,139 shares of the investment management company's stock worth $2,621,000 after purchasing an additional 16,933 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Down 0.4%

Shares of GBDC traded down $0.07 during midday trading on Thursday, reaching $14.72. 564,848 shares of the stock were exchanged, compared to its average volume of 1,443,146. The company's 50 day moving average is $14.94 and its two-hundred day moving average is $14.93. The company has a current ratio of 2.37, a quick ratio of 3.01 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The company has a market capitalization of $3.92 billion, a P/E ratio of 10.35 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%. The firm had revenue of $218.34 million during the quarter, compared to analyst estimates of $215.47 million. During the same quarter in the previous year, the business earned $0.39 EPS. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. Golub Capital BDC's dividend payout ratio is 138.05%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GBDC shares. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America dropped their price target on 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. Finally, Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $15.50.

Insider Transactions at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the firm's stock in a transaction dated 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 transaction, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.

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.