Shade Tree Advisors LLC Purchases New Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• Shade Tree Advisors LLC has acquired a new position in Golub Capital BDC, purchasing 33,565 shares valued at approximately $508,000, making it the 14th largest holding in their investment portfolio.
• The firm has announced a quarterly dividend of $0.39 per share, reflecting a significant 10.5% dividend yield and a payout ratio of 109.86%.
• Golub Capital BDC's recent quarterly earnings surpassed expectations, reporting $0.39 earnings per share against a consensus estimate of $0.38.

Shade Tree Advisors LLC bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 33,565 shares of the investment management company's stock, valued at approximately $508,000. Golub Capital BDC comprises 0.5% of Shade Tree Advisors LLC's holdings, making the stock its 14th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of GBDC. Allen Investment Management LLC lifted its holdings in Golub Capital BDC by 11.9% during the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock valued at $62,615,000 after purchasing an additional 441,050 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Golub Capital BDC by 4.2% during the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after purchasing an additional 128,457 shares during the last quarter. Sage Mountain Advisors LLC lifted its holdings in Golub Capital BDC by 9.4% during the 1st quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company's stock valued at $41,575,000 after purchasing an additional 236,613 shares during the last quarter. Bank of America Corp DE lifted its holdings in Golub Capital BDC by 77.8% during the 4th 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 purchasing an additional 968,525 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Golub Capital BDC by 168.0% during the 4th 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. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Down 0.4%

NASDAQ GBDC traded down $0.06 during trading on Friday, reaching $14.75. 220,924 shares of the stock traded hands, compared to its average volume of 1,426,519. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 10.38 and a beta of 0.51. The stock's 50-day moving average price is $14.91 and its 200 day moving average price is $14.90. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00.

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, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $218.34 million during 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 company earned $0.39 earnings per share. Analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given 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%.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the purchase, the chairman owned 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GBDC. Bank of America dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research note on Monday, May 12th. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th.

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.