Naviter Wealth LLC Purchases 42,311 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Naviter Wealth LLC increased its stake in Golub Capital BDC by 17.8%, acquiring 42,311 additional shares, bringing its total ownership to 279,449 shares valued at approximately $4.1 million.
• Golub Capital BDC recently announced a quarterly dividend of $0.39, yielding 11.3% annually, with a dividend payout ratio of 109.86%.
• As of the latest information, Golub Capital BDC has a consensus rating of "Moderate Buy" with an average target price of $15.00, and two analysts have rated it with a Buy rating.

Naviter Wealth LLC raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 17.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 279,449 shares of the investment management company's stock after buying an additional 42,311 shares during the quarter. Naviter Wealth LLC owned 0.10% of Golub Capital BDC worth $4,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GBDC. Strs Ohio acquired a new position in Golub Capital BDC in the first quarter valued at about $232,864,000. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 60.4% in the first quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company's stock valued at $62,377,000 after buying an additional 1,552,223 shares during the period. Sigma Investment Counselors Inc. acquired a new position in Golub Capital BDC in the first quarter valued at about $10,935,000. Allen Investment Management LLC lifted its stake in Golub Capital BDC by 11.9% in the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock valued at $62,615,000 after buying an additional 441,050 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Golub Capital BDC in the first quarter valued at about $6,491,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Golub Capital BDC in a research note on Wednesday, October 8th. Two 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, Golub Capital BDC has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Golub Capital BDC Trading Up 3.5%

NASDAQ GBDC opened at $13.80 on Tuesday. The firm has a market cap of $3.68 billion, a P/E ratio of 9.72 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. The stock's 50-day moving average is $14.37 and its 200-day moving average is $14.57. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year 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 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 analyst estimates 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 firm posted $0.39 earnings per share. Sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend was Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is currently 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.

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