Tred Avon Family Wealth LLC Takes Position in Golub Capital BDC, Inc. $GBDC

Tred Avon Family Wealth LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 239,526 shares of the investment management company’s stock, valued at approximately $3,279,000. Golub Capital BDC makes up approximately 1.1% of Tred Avon Family Wealth LLC’s holdings, making the stock its 15th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strs Ohio lifted its position in shares of Golub Capital BDC by 2.6% during the second quarter. Strs Ohio now owns 15,787,656 shares of the investment management company’s stock worth $231,289,000 after purchasing an additional 406,960 shares in the last quarter. Bank of America Corp DE raised its position in Golub Capital BDC by 5.8% in the 2nd quarter. Bank of America Corp DE now owns 3,621,790 shares of the investment management company’s stock worth $53,059,000 after purchasing an additional 197,996 shares during the last quarter. Sound Income Strategies LLC raised its position in Golub Capital BDC by 2.0% in the 3rd quarter. Sound Income Strategies LLC now owns 3,378,657 shares of the investment management company’s stock worth $45,578,000 after purchasing an additional 65,008 shares during the last quarter. Sage Mountain Advisors LLC lifted its holdings in 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 worth $44,440,000 after buying an additional 287,391 shares in the last quarter. Finally, Generali Asset Management SPA SGR increased its stake in shares of Golub Capital BDC by 4.7% in the 3rd quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after buying an additional 118,034 shares during the period. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.9%

Shares of NASDAQ:GBDC opened at $13.82 on Friday. The company has a 50 day moving average price of $13.78 and a two-hundred day moving average price of $14.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $3.64 billion, a PE ratio of 9.73 and a beta of 0.43. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $217.84 million during the quarter, compared to analyst estimates of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.3%. The ex-dividend date was Friday, December 12th. Golub Capital BDC’s dividend payout ratio is 109.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GBDC shares. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research note on Thursday. Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Wells Fargo & Company raised shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research note on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $14.88.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.