Prairiewood Capital LLC Has $5 Million Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Prairiewood Capital LLC increased its stake in Golub Capital BDC, Inc. by 6.2%, now holding approximately $5 million worth of shares.
• The company reported $0.39 earnings per share for the quarter, surpassing analysts' expectations of $0.38, with a net margin of 42.81%.
• Golub Capital BDC declared a quarterly dividend of $0.39 per share, resulting in an annualized yield of 11.3%, although its payout ratio stands at 109.86%.

Prairiewood Capital LLC raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,092 shares of the investment management company's stock after acquiring an additional 19,827 shares during the period. Golub Capital BDC makes up about 1.9% of Prairiewood Capital LLC's portfolio, making the stock its 14th biggest holding. Prairiewood Capital LLC owned approximately 0.13% of Golub Capital BDC worth $4,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of GBDC. Onyx Bridge Wealth Group LLC raised its stake in Golub Capital BDC by 65.0% in the first quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock valued at $1,721,000 after purchasing an additional 44,760 shares in the last quarter. Sigma Investment Counselors Inc. bought a new position in Golub Capital BDC in the 1st quarter valued at about $10,935,000. Oppenheimer & Co. Inc. raised its position in shares of Golub Capital BDC by 98.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock valued at $595,000 after buying an additional 19,496 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Golub Capital BDC by 24.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after acquiring an additional 2,541 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of Golub Capital BDC by 39.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 34,591 shares of the investment management company's stock worth $526,000 after acquiring an additional 9,858 shares during the period. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC opened at $13.79 on Friday. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.00. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 9.71 and a beta of 0.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. The company's 50 day simple moving average is $14.69 and its 200 day simple moving average is $14.68.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $218.34 million during the quarter, compared to analysts' expectations of $215.47 million. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

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 given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's payout ratio is currently 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.

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