SCS Capital Management LLC Invests $6.40 Million in Golub Capital BDC, Inc. $GBDC

Key Points

• SCS Capital Management LLC made a new investment of approximately $6.40 million in Golub Capital BDC, acquiring 422,846 shares, reflecting a 0.16% stake in the company.
• Golub Capital BDC declared a quarterly dividend of $0.39 per share, which will be paid on September 29th, representing a 10.6% dividend yield.
• In its latest earnings report, Golub Capital BDC reported $0.39 earnings per share, surpassing analysts' expectations and achieving a net margin of 42.81%.

SCS Capital Management LLC bought a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 422,846 shares of the investment management company's stock, valued at approximately $6,402,000. SCS Capital Management LLC owned about 0.16% of Golub Capital BDC as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Snowden Capital Advisors LLC boosted its stake in shares of 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 worth $2,839,000 after buying an additional 814 shares during the last quarter. Sowell Financial Services LLC raised its holdings in Golub Capital BDC by 6.0% during 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 during the period. Hexagon Capital Partners LLC raised its holdings 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 valued at $55,000 after acquiring an additional 868 shares during the period. Amplius Wealth Advisors LLC raised its holdings in Golub Capital BDC by 1.8% during 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 during the period. Finally, Catalina Capital Group LLC raised its holdings in Golub Capital BDC by 7.7% during the 1st quarter. Catalina Capital Group LLC now owns 13,565 shares of the investment management company's stock valued at $205,000 after acquiring an additional 965 shares during the period. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Performance

GBDC stock traded down $0.02 during midday trading on Friday, reaching $14.76. 1,340,221 shares of the company's stock traded hands, compared to its average volume of 914,116. The company has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $14.76. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The firm has a market capitalization of $3.93 billion, a PE ratio of 10.39 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly 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. The firm had revenue of $218.34 million for the quarter, compared to analysts' expectations of $215.47 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 10.6%. Golub Capital BDC's dividend payout ratio is presently 109.86%.

About Golub Capital BDC

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.