MAI Capital Management Acquires 26,330 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• MAI Capital Management increased its position in Golub Capital BDC by 2.0%, acquiring 26,330 shares to reach a total of 1,374,377 shares valued at approximately $20.81 million.
• Golub Capital BDC recently reported earnings of $0.39 per share, slightly exceeding analysts' expectations, and had a net margin of 42.81% for the quarter.
• The company announced a quarterly dividend of $0.39 per share, providing an annualized yield of 10.5%, with a payout ratio of 109.86%.

MAI Capital Management boosted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,374,377 shares of the investment management company's stock after acquiring an additional 26,330 shares during the period. MAI Capital Management owned about 0.52% of Golub Capital BDC worth $20,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GBDC. Castlekeep Investment Advisors LLC purchased a new stake in Golub Capital BDC during the fourth quarter worth approximately $19,145,000. Millennium Management LLC increased its stake in shares of Golub Capital BDC by 168.0% in the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock worth $28,945,000 after buying an additional 1,196,800 shares during the last quarter. Bank of America Corp DE increased its holdings in Golub Capital BDC by 77.8% in the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after buying an additional 968,525 shares during the last quarter. Sigma Investment Counselors Inc. acquired a new position in Golub Capital BDC in the first quarter worth $10,935,000. Finally, Allen Investment Management LLC raised its stake in Golub Capital BDC by 11.9% during the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock worth $62,615,000 after acquiring an additional 441,050 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Down 0.6%

Shares of Golub Capital BDC stock traded down $0.09 during midday trading on Wednesday, reaching $14.66. 1,233,838 shares of the company's stock traded hands, compared to its average volume of 951,829. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 10.32 and a beta of 0.48. The company's 50 day simple moving average is $14.90 and its 200 day simple moving average is $14.81. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

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 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.39 earnings per share. Equities analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GBDC shares. Bank of America dropped their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.00.

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.