Golub Capital BDC, Inc. $GBDC Holdings Reduced by EMC Capital Management

EMC Capital Management lowered its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 25.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,729 shares of the investment management company’s stock after selling 4,392 shares during the quarter. EMC Capital Management’s holdings in Golub Capital BDC were worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP increased its position in Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,181 shares during the period. Quarry LP bought a new position in shares of Golub Capital BDC in the first quarter worth $34,000. VSM Wealth Advisory LLC increased its holdings in shares of Golub Capital BDC by 102.0% during the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 1,295 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Golub Capital BDC during the second quarter valued at about $41,000. Finally, MTM Investment Management LLC bought a new stake in shares of Golub Capital BDC during the second quarter valued at about $41,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $13.55 on Wednesday. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The stock has a market cap of $3.61 billion, a PE ratio of 9.54 and a beta of 0.47. The company’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $14.54.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The company had revenue of $217.84 million for the quarter, compared to analysts’ expectations of $220.54 million. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.56 annualized dividend and a dividend yield of 11.5%. Golub Capital BDC’s dividend payout ratio is currently 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.