Whipplewood Advisors LLC Increases Holdings in Golub Capital BDC, Inc. $GBDC

Whipplewood Advisors LLC grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14,788.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,149 shares of the investment management company’s stock after buying an additional 66,698 shares during the quarter. Whipplewood Advisors LLC’s holdings in Golub Capital BDC were worth $984,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Focus Partners Advisor Solutions LLC raised its position in shares of Golub Capital BDC by 83.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 35,356 shares of the investment management company’s stock valued at $518,000 after buying an additional 16,047 shares in the last quarter. Sage Mountain Advisors LLC raised its position in shares of Golub Capital BDC by 10.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 3,033,453 shares of the investment management company’s stock valued at $44,440,000 after buying an additional 287,391 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Golub Capital BDC by 17.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,080,551 shares of the investment management company’s stock worth $15,830,000 after purchasing an additional 158,218 shares during the period. CAP Partners LLC purchased a new stake in Golub Capital BDC in the 2nd quarter worth about $150,000. Finally, Castle Wealth Management LLC purchased a new stake in Golub Capital BDC in the 2nd quarter worth about $249,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $14.20 on Friday. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 10.00 and a beta of 0.48. The stock has a fifty day simple moving average of $14.22 and a two-hundred day simple moving average of $14.55. 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 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. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The business had revenue of $218.34 million during the quarter, compared to analysts’ expectations of $215.47 million. During the same period in the prior year, the business earned $0.39 EPS. On average, analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a dividend of $0.39 per share. The ex-dividend date was Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.0%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 109.86%.

Analysts Set New Price Targets

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

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.