McElhenny Sheffield Capital Management LLC Makes New Investment in Golub Capital BDC, Inc. $GBDC

Key Points

• McElhenny Sheffield Capital Management LLC acquired a new position in Golub Capital BDC, Inc., purchasing 44,000 shares valued at approximately $645,000.
• Golub Capital BDC's most recent earnings report showed $0.39 earnings per share, exceeding analysts' estimates of $0.38, and a revenue of $218.34 million.
• The company declared a quarterly dividend of $0.39 per share, which represents an annualized yield of 11.5%.

McElhenny Sheffield Capital Management LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,000 shares of the investment management company's stock, valued at approximately $645,000.

Several other hedge funds have also recently modified their holdings of GBDC. Quarry LP bought a new position in shares of Golub Capital BDC during the first quarter worth $34,000. VSM Wealth Advisory LLC boosted its position in shares of Golub Capital BDC by 102.0% during the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock worth $39,000 after acquiring an additional 1,295 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Golub Capital BDC during the first quarter worth $50,000. Hexagon Capital Partners LLC boosted its position in shares of Golub Capital BDC by 31.6% during the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after acquiring an additional 868 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 5,330 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Golub Capital BDC in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $15.00.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $13.60 on Thursday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 9.58 and a beta of 0.48. The firm's fifty day moving average is $14.44 and its 200 day moving average is $14.61. The company has a quick ratio of 2.37, a current ratio of 2.37 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.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating 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 net margin of 42.81% and a return on equity of 10.87%. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

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