Millennium Management LLC Reduces Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Millennium Management LLC reduced its stake in Golub Capital BDC by 19.9%, now holding approximately 0.57% of the company, valued at $23.14 million.
• Advisors Asset Management and Royal Bank of Canada increased their positions in Golub Capital BDC by 8.2% and 41.4%, respectively, highlighting increased interest from institutional investors.
• Golub Capital BDC has announced a quarterly dividend of $0.39 per share, representing a strong annual yield of 10.6%.

Millennium Management LLC decreased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,528,608 shares of the investment management company's stock after selling 380,696 shares during the quarter. Millennium Management LLC owned approximately 0.57% of Golub Capital BDC worth $23,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Snowden Capital Advisors LLC boosted its position in shares of Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock worth $2,839,000 after acquiring an additional 814 shares in the last quarter. Sowell Financial Services LLC lifted its position in Golub Capital BDC by 6.0% during the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock worth $226,000 after acquiring an additional 848 shares during the period. Hexagon Capital Partners LLC lifted its position in Golub Capital BDC by 31.6% during the 1st 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 period. Amplius Wealth Advisors LLC lifted its position in Golub Capital BDC by 1.8% during the 1st quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock worth $775,000 after acquiring an additional 926 shares during the period. Finally, Catalina Capital Group LLC raised its stake in shares of Golub Capital BDC by 7.7% during the 1st quarter. Catalina Capital Group LLC now owns 13,565 shares of the investment management company's stock worth $205,000 after buying an additional 965 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of GBDC stock traded down $0.70 during trading hours on Monday, reaching $14.06. 2,359,065 shares of the company's stock were exchanged, compared to its average volume of 951,081. The company has a market cap of $3.75 billion, a P/E ratio of 9.90 and a beta of 0.48. The company's 50 day moving average is $14.90 and its two-hundred day moving average is $14.74. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.00. 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 issued its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The business had revenue of $218.34 million during the quarter, compared to the consensus estimate of $215.47 million. During the same period in the prior year, the business posted $0.39 EPS. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is presently 109.86%.

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.