Lansforsakringar Fondforvaltning AB publ Takes Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Lansforsakringar Fondforvaltning AB acquired 23,762 shares of Golub Capital BDC, Inc. (NASDAQ:GBDC), valued at approximately $360,000 during the first quarter.
• Analysts currently have a consensus rating of Moderate Buy for GBDC, with a price target set at $15.00, after Bank of America lowered its target from $16.50.
• Golub Capital BDC announced a quarterly dividend of $0.39 per share, translating to an annualized yield of 10.5%, with a payout ratio of 109.86%.

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,762 shares of the investment management company's stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC lifted its position in shares of Golub Capital BDC by 102.0% in the first 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 in the last quarter. Future Financial Wealth Managment LLC lifted its position in shares of Golub Capital BDC by 130.0% in the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after acquiring an additional 1,690 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Golub Capital BDC in the first quarter valued at $50,000. Hexagon Capital Partners LLC lifted its position in shares of 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 acquiring an additional 868 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in 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 period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America reduced their target price on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Golub Capital BDC Trading Down 0.3%

Shares of Golub Capital BDC stock traded down $0.04 during trading hours on Friday, reaching $14.75. The stock had a trading volume of 944,413 shares, compared to its average volume of 959,848. The firm has a 50 day simple moving average of $14.91 and a two-hundred day simple moving average of $14.79. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 10.39 and a beta of 0.48. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.39 EPS. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is 109.86%.

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.