Golub Capital BDC, Inc. (NASDAQ:GBDC) is OneAscent Wealth Management LLC's 8th Largest Position

OneAscent Wealth Management LLC reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,483 shares of the investment management company's stock after selling 23,374 shares during the period. Golub Capital BDC accounts for 2.6% of OneAscent Wealth Management LLC's investment portfolio, making the stock its 8th biggest holding. OneAscent Wealth Management LLC owned 0.15% of Golub Capital BDC worth $6,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of GBDC. Future Financial Wealth Managment LLC boosted its holdings in Golub Capital BDC by 130.0% in the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after purchasing an additional 1,690 shares in the last quarter. Optiver Holding B.V. lifted 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 worth $47,000 after acquiring an additional 688 shares during the last quarter. Hurley Capital LLC acquired a new position in Golub Capital BDC during the 4th quarter worth $50,000. Hexagon Capital Partners LLC lifted its position in 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 worth $55,000 after acquiring an additional 868 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Golub Capital BDC by 794.3% during the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after buying an additional 5,330 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 1.4%

Shares of NASDAQ GBDC traded up $0.21 during trading on Tuesday, hitting $15.35. The stock had a trading volume of 775,905 shares, compared to its average volume of 1,437,339. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.01. 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 capitalization of $4.09 billion, a PE ratio of 13.58 and a beta of 0.51. The firm has a fifty day moving average of $14.92 and a two-hundred day moving average of $14.93.

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 the consensus estimate of $0.41 by ($0.02). The company had revenue of $211.10 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.55 EPS. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.39 per share. The ex-dividend date was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.16%. Golub Capital BDC's dividend payout ratio is presently 138.05%.

Insider Activity

In other news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the stock in a transaction dated 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 acquisition, the chairman owned 6,059,971 shares in the company, valued at $91,687,361.23. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on GBDC. Wells Fargo & Company decreased their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note 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 research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Bank of America cut their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

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.