OneAscent Wealth Management LLC Sells 23,374 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

OneAscent Wealth Management LLC lowered its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,483 shares of the investment management company's stock after selling 23,374 shares during the quarter. Golub Capital BDC makes up approximately 2.6% of OneAscent Wealth Management LLC's holdings, making the stock its 8th biggest position. OneAscent Wealth Management LLC owned about 0.15% of Golub Capital BDC worth $6,033,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GBDC. Optiver Holding B.V. raised its holdings in Golub Capital BDC by 28.7% in 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. Snowden Capital Advisors LLC raised its holdings in Golub Capital BDC by 0.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after acquiring an additional 814 shares in the last quarter. Sowell Financial Services LLC raised its holdings in Golub Capital BDC by 6.0% in the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after acquiring an additional 848 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in 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 valued at $55,000 after acquiring an additional 868 shares in the last quarter. Finally, Amplius Wealth Advisors LLC raised its holdings in Golub Capital BDC by 1.8% in the 1st quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock valued at $775,000 after acquiring an additional 926 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GBDC shares. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Bank of America decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company decreased their price target on 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. Finally, Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

Insider Buying and Selling at Golub Capital BDC

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

Golub Capital BDC Trading Down 0.4%

GBDC traded down $0.06 during mid-day trading on Thursday, reaching $15.43. The stock had a trading volume of 419,821 shares, compared to its average volume of 1,470,292. The stock has a market capitalization of $4.11 billion, a P/E ratio of 13.65 and a beta of 0.51. 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 firm's fifty day simple moving average is $14.95 and its two-hundred day simple moving average is $14.94. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted 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). The company had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. During the same period last year, the company earned $0.55 EPS. On average, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date of this dividend was Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is currently 138.05%.

Golub Capital BDC Company 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.