OMERS ADMINISTRATION Corp Makes New $47.02 Million Investment in Golub Capital BDC, Inc. $GBDC

Key Points

• OMERS Administration Corp. acquired 3.65 million shares of Golub Capital BDC, valued at approximately $47.02 million, giving it a 1.41% stake. Institutional investors collectively own 42.38% of the company.
• Golub Capital BDC reported quarterly EPS of $0.34, slightly above the $0.33 consensus estimate, while revenue of $98.53 million fell well short of analyst expectations of $189.91 million.
• The company declared a quarterly dividend of $0.33 per share, or $1.32 annualized, representing a 10.0% yield; analysts maintain a “Moderate Buy” consensus with a $13.90 target price.

OMERS ADMINISTRATION Corp acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,650,215 shares of the investment management company's stock, valued at approximately $47,015,000. OMERS ADMINISTRATION Corp owned 1.41% of Golub Capital BDC at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Strs Ohio lifted its holdings in Golub Capital BDC by 2.6% in the 1st quarter. Strs Ohio now owns 17,140,532 shares of the investment management company's stock valued at $216,999,000 after acquiring an additional 435,772 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Golub Capital BDC by 53.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company's stock worth $53,158,000 after buying an additional 1,368,759 shares during the period. Bank of America Corp DE grew its stake in Golub Capital BDC by 5.7% during the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company's stock valued at $52,430,000 after acquiring an additional 207,998 shares in the last quarter. Sound Income Strategies LLC increased its stake in Golub Capital BDC by 4.1% in the 1st quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company's stock valued at $46,882,000 after buying an additional 147,734 shares during the period. Finally, UBS Group AG increased its stake in shares of Golub Capital BDC by 29.4% in the fourth quarter. UBS Group AG now owns 2,864,751 shares of the investment management company's stock worth $38,875,000 after acquiring an additional 651,110 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $13.20 on Monday. The firm has a fifty day moving average of $12.89 and a 200-day moving average of $12.82. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 20.31 and a beta of 0.39. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.0%. The ex-dividend date is Monday, September 14th. Golub Capital BDC's dividend payout ratio is currently 203.08%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price target on Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 7th. Oppenheimer restated an "outperform" rating and issued a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. Weiss Ratings restated a "hold (c)" rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Finally, Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.90.

Golub Capital BDC Company Profile

Golub Capital BDC NASDAQ: GBDC is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company's core business activities center on originating and managing bespoke financing arrangements for U.S.

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