Parallel Advisors LLC Boosts Stake in Golub Capital BDC, Inc. $GBDC

Key Points

• Parallel Advisors LLC increased its stake in Golub Capital BDC by 10.5%, owning approximately $3.54 million worth of shares as of the latest SEC filing.
• Golub Capital BDC reported earnings per share of $0.39 for the quarter, beating expectations and maintaining a return on equity of 10.87%.
• The company announced a quarterly dividend of $0.39 per share, representing an annual yield of 11.1%, with a dividend payout ratio of 109.86%.

Parallel Advisors LLC boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,741 shares of the investment management company's stock after acquiring an additional 23,047 shares during the quarter. Parallel Advisors LLC owned about 0.09% of Golub Capital BDC worth $3,542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Golub Capital BDC during the first quarter worth $232,864,000. Allen Investment Management LLC increased its stake in Golub Capital BDC by 11.9% during the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock worth $62,615,000 after acquiring an additional 441,050 shares during the last quarter. Northeast Financial Consultants Inc grew its stake in shares of Golub Capital BDC by 60.4% in the first quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company's stock valued at $62,377,000 after buying an additional 1,552,223 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of Golub Capital BDC by 4.2% in the first quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after buying an additional 128,457 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in shares of Golub Capital BDC by 9.4% in the first quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company's stock valued at $41,575,000 after buying an additional 236,613 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.9%

Shares of NASDAQ GBDC traded up $0.13 during trading on Friday, reaching $14.33. The stock had a trading volume of 1,643,563 shares, compared to its average volume of 1,047,349. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. The business's 50-day moving average price is $14.84 and its 200-day moving average price is $14.72. The company has a market cap of $3.82 billion, a P/E ratio of 10.09 and a beta of 0.48.

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

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC's payout ratio is presently 109.86%.

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.