OneAscent Financial Services LLC Increases Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

OneAscent Financial Services LLC grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 37.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 550,361 shares of the investment management company's stock after acquiring an additional 149,632 shares during the period. OneAscent Financial Services LLC owned about 0.21% of Golub Capital BDC worth $8,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC increased its stake in Golub Capital BDC by 130.0% during the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after acquiring an additional 1,690 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after purchasing an additional 688 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of Golub Capital BDC during the 4th quarter valued at $50,000. Hexagon Capital Partners LLC lifted its holdings in shares of 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 valued at $55,000 after purchasing an additional 868 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Golub Capital BDC by 794.3% during the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after purchasing an additional 5,330 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.44 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 13.66 and a beta of 0.51. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.01. The company's 50 day simple moving average is $14.92 and its 200 day simple moving average is $14.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same period in the previous year, the business posted $0.55 earnings per share. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.10%. Golub Capital BDC's dividend payout ratio is currently 138.05%.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the transaction, the chairman owned 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding GBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.