Golub Capital BDC, Inc. $GBDC Shares Sold by Penbrook Management LLC

Penbrook Management LLC decreased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 26.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,955 shares of the investment management company’s stock after selling 8,925 shares during the period. Penbrook Management LLC’s holdings in Golub Capital BDC were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GBDC. Strs Ohio acquired a new stake in Golub Capital BDC in the 1st quarter valued at about $232,864,000. Northeast Financial Consultants Inc raised its position in Golub Capital BDC by 60.4% in the 1st quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company’s stock valued at $62,377,000 after purchasing an additional 1,552,223 shares in the last quarter. Sigma Investment Counselors Inc. acquired a new stake in Golub Capital BDC in the 1st quarter valued at about $10,935,000. Allen Investment Management LLC raised its position in Golub Capital BDC by 11.9% in the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock valued at $62,615,000 after purchasing an additional 441,050 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Golub Capital BDC during the 1st quarter worth about $6,491,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Golub Capital BDC in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Golub Capital BDC Trading Up 3.5%

GBDC opened at $13.80 on Tuesday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 9.72 and a beta of 0.48. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The business’s 50 day moving average is $14.37 and its two-hundred day moving average is $14.57. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS 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 analyst estimates 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 quarter in the previous year, the company posted $0.39 earnings per share. On average, research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 11.3%. Golub Capital BDC’s payout ratio is 109.86%.

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.