HB Wealth Management LLC Decreases Stock Position in Golub Capital BDC, Inc. $GBDC

Key Points

• HB Wealth Management LLC reduced its stake in Golub Capital BDC, Inc. by 22.8%, owning 193,875 shares after selling 57,275 shares in the second quarter.
• Golub Capital BDC's recent earnings report showed earnings per share of $0.39, slightly beating the consensus estimate of $0.38.
• The company announced a quarterly dividend of $0.39 per share, resulting in an annualized dividend of $1.56 with a yield of 11.5%.

HB Wealth Management LLC lowered its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 22.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,875 shares of the investment management company's stock after selling 57,275 shares during the quarter. HB Wealth Management LLC owned about 0.07% of Golub Capital BDC worth $2,840,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Onyx Bridge Wealth Group LLC lifted its stake in Golub Capital BDC by 65.0% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock worth $1,721,000 after purchasing an additional 44,760 shares in the last quarter. Sigma Investment Counselors Inc. purchased a new stake in Golub Capital BDC in the 1st quarter worth $10,935,000. Oppenheimer & Co. Inc. lifted its stake in Golub Capital BDC by 98.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock worth $595,000 after purchasing an additional 19,496 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in Golub Capital BDC by 24.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after purchasing an additional 2,541 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in Golub Capital BDC by 39.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 34,591 shares of the investment management company's stock worth $526,000 after purchasing an additional 9,858 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Down 1.3%

Shares of GBDC stock opened at $13.51 on Thursday. The stock has a market cap of $3.60 billion, a P/E ratio of 9.51 and a beta of 0.48. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. 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 company's fifty day simple moving average is $14.59 and its two-hundred day simple moving average is $14.66.

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

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.5%. The ex-dividend date was Monday, September 15th. Golub Capital BDC's dividend payout ratio is currently 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.

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