HB Wealth Management LLC Decreases Holdings in Golub Capital BDC, Inc. $GBDC

HB Wealth Management LLC trimmed its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 22.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,875 shares of the investment management company’s stock after selling 57,275 shares during the quarter. HB Wealth Management LLC’s holdings in Golub Capital BDC were worth $2,840,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GBDC. Albion Financial Group UT grew its holdings in Golub Capital BDC by 5.7% during the 2nd quarter. Albion Financial Group UT now owns 69,834 shares of the investment management company’s stock valued at $1,023,000 after purchasing an additional 3,754 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Golub Capital BDC by 4.1% during the 2nd quarter. Sound Income Strategies LLC now owns 3,313,649 shares of the investment management company’s stock valued at $48,545,000 after purchasing an additional 129,812 shares during the last quarter. GraniteShares Advisors LLC grew its holdings in Golub Capital BDC by 6.7% during the 2nd quarter. GraniteShares Advisors LLC now owns 184,735 shares of the investment management company’s stock valued at $2,706,000 after purchasing an additional 11,550 shares during the last quarter. Prairiewood Capital LLC grew its holdings in Golub Capital BDC by 6.2% during the 2nd quarter. Prairiewood Capital LLC now owns 341,092 shares of the investment management company’s stock valued at $4,997,000 after purchasing an additional 19,827 shares during the last quarter. Finally, Colton Groome Financial Advisors LLC bought a new position in Golub Capital BDC during the 2nd quarter valued at about $149,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC opened at $13.51 on Thursday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 9.51 and a beta of 0.48. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The firm’s 50-day moving average is $14.59 and its 200 day moving average is $14.66. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $218.34 million for 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 firm posted $0.39 EPS. 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 announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date was Monday, September 15th. Golub Capital BDC’s dividend payout ratio is currently 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.