BlueMountain Capital Management LLC increased its stake in Golub Capital BDC Inc (NASDAQ:GBDC) by 100.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,980 shares of the investment management company’s stock after purchasing an additional 23,019 shares during the quarter. BlueMountain Capital Management LLC owned approximately 0.08% of Golub Capital BDC worth $841,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of GBDC. Massey Quick Simon & CO. LLC lifted its stake in Golub Capital BDC by 20.1% in the second quarter. Massey Quick Simon & CO. LLC now owns 223,911 shares of the investment management company’s stock worth $4,097,000 after purchasing an additional 37,455 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Golub Capital BDC by 310.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,715 shares of the investment management company’s stock worth $105,000 after purchasing an additional 4,324 shares during the last quarter. Legal & General Group Plc lifted its stake in Golub Capital BDC by 9.6% in the second quarter. Legal & General Group Plc now owns 236,800 shares of the investment management company’s stock worth $4,336,000 after purchasing an additional 20,646 shares during the last quarter. Frontier Investment Mgmt Co. raised its stake in shares of Golub Capital BDC by 6.1% during the second quarter. Frontier Investment Mgmt Co. now owns 871,431 shares of the investment management company’s stock valued at $15,947,000 after acquiring an additional 49,779 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Golub Capital BDC during the second quarter valued at about $3,660,000. 36.95% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on GBDC. BidaskClub raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. National Securities reaffirmed a “buy” rating and set a $21.00 price objective on shares of Golub Capital BDC in a research note on Monday, August 13th. Finally, Zacks Investment Research downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.67.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, August 8th. The investment management company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $38.40 million for the quarter, compared to the consensus estimate of $36.81 million. Golub Capital BDC had a net margin of 60.34% and a return on equity of 7.92%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. equities analysts anticipate that Golub Capital BDC Inc will post 1.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend is Thursday, September 6th. Golub Capital BDC’s dividend payout ratio (DPR) is 102.40%.
About Golub Capital BDC
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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