Janney Montgomery Scott LLC Has $1.26 Million Stake in Golub Capital BDC, Inc. $GBDC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Golub Capital BDC by 28.4% in Q2, now holding $1.26 million worth of shares after selling 34,023 shares.
• Golub Capital BDC reported earnings of $0.39 per share for the latest quarter, surpassing analysts' expectations, with revenues of $218.34 million.
• The company recently declared a quarterly dividend of $0.39 per share, yielding 11.7%, with a current payout ratio of 109.86%.

Janney Montgomery Scott LLC trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 28.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,833 shares of the investment management company's stock after selling 34,023 shares during the quarter. Janney Montgomery Scott LLC's holdings in Golub Capital BDC were worth $1,257,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Albion Financial Group UT raised its stake in shares of Golub Capital BDC by 5.7% in the second quarter. Albion Financial Group UT now owns 69,834 shares of the investment management company's stock valued at $1,023,000 after purchasing an additional 3,754 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Golub Capital BDC by 4.1% in the second quarter. Sound Income Strategies LLC now owns 3,313,649 shares of the investment management company's stock valued at $48,545,000 after purchasing an additional 129,812 shares in the last quarter. GraniteShares Advisors LLC raised its stake in shares of Golub Capital BDC by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 184,735 shares of the investment management company's stock valued at $2,706,000 after purchasing an additional 11,550 shares in the last quarter. Prairiewood Capital LLC raised its stake in shares of Golub Capital BDC by 6.2% in the second quarter. Prairiewood Capital LLC now owns 341,092 shares of the investment management company's stock valued at $4,997,000 after purchasing an additional 19,827 shares in the last quarter. Finally, Colton Groome Financial Advisors LLC bought a new stake in Golub Capital BDC in the second quarter valued at $149,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC opened at $13.33 on Monday. The business's fifty day moving average price is $14.38 and its two-hundred day moving average price is $14.58. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 9.39 and a beta of 0.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37.

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 analysts' consensus estimates 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 return on equity of 10.87% and a net margin of 42.81%.During the same period in the prior year, the business posted $0.39 earnings per share. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.7%. The ex-dividend date was Monday, September 15th. Golub Capital BDC's dividend payout ratio is presently 109.86%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Golub Capital BDC in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

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.

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