United Advisor Group LLC Raises Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

United Advisor Group LLC lifted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,650 shares of the investment management company’s stock after buying an additional 17,574 shares during the period. United Advisor Group LLC owned approximately 0.08% of Golub Capital BDC worth $3,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Golub Capital BDC by 60.6% in the fourth quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company’s stock valued at $2,095,000 after purchasing an additional 52,155 shares during the last quarter. Barclays PLC boosted its holdings in Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock valued at $2,873,000 after purchasing an additional 59,443 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Golub Capital BDC by 30.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock valued at $1,744,000 after purchasing an additional 26,764 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in Golub Capital BDC in the fourth quarter valued at about $296,000. Finally, Atria Investments Inc boosted its holdings in Golub Capital BDC by 912.0% in the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock valued at $14,907,000 after purchasing an additional 886,123 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 0.4%

Shares of Golub Capital BDC stock opened at $14.95 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The business’s 50 day simple moving average is $14.48 and its 200-day simple moving average is $15.04. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.83 and a beta of 0.55. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.76.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.43%. The ex-dividend date is Friday, June 13th. Golub Capital BDC’s dividend payout ratio is currently 138.05%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America cut their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

Golub Capital BDC Company 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.