43,359 Shares in Golub Capital BDC, Inc. $GBDC Purchased by OneAscent Investment Solutions LLC

Key Points

• OneAscent Investment Solutions LLC acquired 43,359 shares of Golub Capital BDC, Inc., valued at approximately $656,000, during the first quarter, making it the firm's 28th largest position.
• Insider transactions showed that Chairman Lawrence E. Golub purchased over 6 million shares for approximately $91.7 million, significantly increasing his stake in the company.
• Golub Capital BDC announced a quarterly dividend of $0.39 per share, translating to a 10.5% yield, with the ex-dividend date set for September 15.

OneAscent Investment Solutions LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 43,359 shares of the investment management company's stock, valued at approximately $656,000. Golub Capital BDC makes up 0.8% of OneAscent Investment Solutions LLC's investment portfolio, making the stock its 28th largest position.

A number of other large investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC grew its stake in shares of Golub Capital BDC by 102.0% during the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock valued at $39,000 after buying an additional 1,295 shares during the last quarter. Future Financial Wealth Managment LLC boosted its position in Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after acquiring an additional 1,690 shares in the last quarter. Optiver Holding B.V. boosted its position in 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 acquiring an additional 688 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Golub Capital BDC by 31.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after purchasing an additional 868 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Golub Capital BDC by 794.3% in the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock worth $91,000 after purchasing an additional 5,330 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Down 0.1%

Shares of NASDAQ:GBDC traded down $0.0150 during trading on Tuesday, reaching $14.7250. The company's stock had a trading volume of 265,744 shares, compared to its average volume of 1,417,497. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The firm's 50 day simple moving average is $14.89 and its two-hundred day simple moving average is $14.88. The stock has a market capitalization of $3.92 billion, a PE ratio of 10.37 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The firm had revenue of $218.34 million during the quarter, compared to the consensus estimate of $215.47 million. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.6%. Golub Capital BDC's dividend payout ratio (DPR) is presently 109.86%.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the acquisition, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GBDC shares. 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 report on Monday, May 12th. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their target price 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. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

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.