15,380,696 Shares in Golub Capital BDC, Inc. $GBDC Bought by Strs Ohio

Key Points

• Strs Ohio has made a significant investment in Golub Capital BDC, acquiring 15,380,696 shares valued at approximately $232.9 million, which represents about 1.0% of its investment portfolio.
• Golub Capital BDC recently declared a quarterly dividend of $0.39, with a yield of 10.6%, scheduled for payment on September 29th.
• The company's latest earnings report exceeded expectations, with an EPS of $0.39, and revenue of $218.34 million for the quarter surpassing analyst estimates.

Strs Ohio purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,380,696 shares of the investment management company's stock, valued at approximately $232,864,000. Golub Capital BDC accounts for approximately 1.0% of Strs Ohio's holdings, making the stock its 14th biggest holding. Strs Ohio owned 5.77% of Golub Capital BDC at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Snowden Capital Advisors LLC lifted its stake in 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 valued at $2,839,000 after acquiring an additional 814 shares in the last quarter. Sowell Financial Services LLC raised its holdings in shares of Golub Capital BDC by 6.0% in the first quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after purchasing an additional 848 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Golub Capital BDC by 31.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after purchasing an additional 868 shares in the last quarter. Amplius Wealth Advisors LLC boosted its holdings in Golub Capital BDC by 1.8% during the first quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock worth $775,000 after purchasing an additional 926 shares during the last quarter. Finally, Catalina Capital Group LLC boosted its holdings in Golub Capital BDC by 7.7% during the first quarter. Catalina Capital Group LLC now owns 13,565 shares of the investment management company's stock worth $205,000 after purchasing an additional 965 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Down 0.2%

GBDC stock traded down $0.03 during midday trading on Tuesday, hitting $14.04. The company's stock had a trading volume of 707,760 shares, compared to its average volume of 1,383,947. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00. The company's fifty day moving average price is $14.90 and its 200 day moving average price is $14.74. The stock has a market capitalization of $3.74 billion, a P/E ratio of 9.88 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.39 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 11.1%. Golub Capital BDC's dividend payout ratio is 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.