OneAscent Financial Services LLC Has $8.34 Million Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

OneAscent Financial Services LLC raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 37.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 550,361 shares of the investment management company's stock after buying an additional 149,632 shares during the quarter. OneAscent Financial Services LLC owned about 0.21% of Golub Capital BDC worth $8,337,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GBDC. Bank of New York Mellon Corp grew its stake in shares of Golub Capital BDC by 64.2% during the fourth quarter. Bank of New York Mellon Corp now owns 114,670 shares of the investment management company's stock valued at $1,738,000 after buying an additional 44,815 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Golub Capital BDC during the 4th quarter valued at about $787,000. Raymond James Financial Inc. purchased a new position in Golub Capital BDC in the 4th quarter worth approximately $4,470,000. Avantax Advisory Services Inc. purchased a new stake in shares of Golub Capital BDC during the 4th quarter valued at approximately $179,000. Finally, Commonwealth Equity Services LLC raised its position in Golub Capital BDC by 7.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 116,328 shares of the investment management company's stock valued at $1,764,000 after purchasing an additional 7,727 shares during the period. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GBDC shares. Bank of America dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a report on Monday, May 12th. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the purchase, the chairman owned 6,059,971 shares of the company's stock, valued at $91,687,361.23. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by insiders.

Golub Capital BDC Stock Up 0.6%

NASDAQ GBDC traded up $0.10 during trading on Wednesday, hitting $15.45. The company's stock had a trading volume of 301,867 shares, compared to its average volume of 1,435,177. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $4.11 billion, a PE ratio of 13.67 and a beta of 0.51. The business's 50 day simple moving average is $14.94 and its 200-day simple moving average is $14.94. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.01.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 10.59% and a net margin of 35.50%. The company had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. During the same quarter last year, the company earned $0.55 EPS. On average, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date was Friday, June 13th. Golub Capital BDC's dividend payout ratio is presently 138.05%.

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.