Truvestments Capital LLC Buys 102,952 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Truvestments Capital LLC increased its stake in Golub Capital BDC, owning 273,880 shares after a 60.2% growth during the first quarter, valued at approximately $4.15 million.
• Golub Capital BDC recently announced a quarterly dividend of $0.39 per share, yielding 10.6%, with an ex-dividend date set for September 15th.
• Analysts have a consensus rating of "Moderate Buy" for Golub Capital BDC, with a price target lowered to $15.00 from $16.50 by Bank of America.

Truvestments Capital LLC lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 60.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,880 shares of the investment management company's stock after buying an additional 102,952 shares during the quarter. Truvestments Capital LLC owned about 0.10% of Golub Capital BDC worth $4,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of Golub Capital BDC by 122.3% during the fourth quarter. First Trust Advisors LP now owns 358,136 shares of the investment management company's stock worth $5,429,000 after buying an additional 197,018 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Golub Capital BDC by 24.9% during the fourth quarter. Stifel Financial Corp now owns 500,246 shares of the investment management company's stock worth $7,584,000 after buying an additional 99,755 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth $259,000. Aquatic Capital Management LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth $182,000. Finally, Optiver Holding B.V. raised its stake in Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after purchasing an additional 688 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on GBDC shares. Bank of America dropped their price target on 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 Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.00.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded up $0.14 during midday trading on Friday, reaching $14.92. The company's stock had a trading volume of 1,087,237 shares, compared to its average volume of 1,014,495. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $14.87 and a 200-day moving average price of $14.84. The stock has a market cap of $3.97 billion, a PE ratio of 10.51 and a beta of 0.51.

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 company had revenue of $218.34 million for 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 business posted $0.39 earnings per share. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 10.5%. 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.