Plancorp LLC Makes New $304,000 Investment in Golub Capital BDC, Inc. $GBDC

Key Points

• Plancorp LLC invested approximately $304,000 in shares of Golub Capital BDC, Inc. (GBDC), acquiring 20,076 shares in the first quarter.
• Golub Capital BDC recently announced a quarterly dividend of $0.39 per share, translating to a 10.6% dividend yield.
• Bank of America downgraded its price objective for GBDC shares from $16.50 to $15.50, while maintaining a "buy" rating.

Plancorp LLC bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,076 shares of the investment management company's stock, valued at approximately $304,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GBDC. Millennium Management LLC grew its position in shares of Golub Capital BDC by 168.0% in the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock valued at $28,945,000 after purchasing an additional 1,196,800 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Golub Capital BDC by 77.8% in the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after buying an additional 968,525 shares during the period. Sigma Investment Counselors Inc. bought a new stake in shares of Golub Capital BDC in the first quarter valued at approximately $10,935,000. Allen Investment Management LLC boosted its stake in shares of Golub Capital BDC by 11.9% in the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock valued at $62,615,000 after buying an additional 441,050 shares during the period. Finally, Castlekeep Investment Advisors LLC boosted its stake in shares of Golub Capital BDC by 320.4% in the first quarter. Castlekeep Investment Advisors LLC now owns 342,447 shares of the investment management company's stock valued at $5,185,000 after buying an additional 260,982 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of GBDC stock traded down $0.01 during trading on Friday, hitting $14.78. The company had a trading volume of 559,267 shares, compared to its average volume of 1,377,583. 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 firm has a market capitalization of $3.94 billion, a P/E ratio of 10.41 and a beta of 0.48. The stock's 50-day moving average price is $14.92 and its 200 day moving average price is $14.77. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $218.34 million during the quarter, compared to analysts' expectations of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same period in the previous year, the company posted $0.39 earnings per share. Equities analysts expect 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 will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 10.6%. Golub Capital BDC's dividend 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.