Stableford Capital II LLC Takes $947,000 Position in Golub Capital BDC, Inc. $GBDC

Stableford Capital II LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 69,816 shares of the investment management company’s stock, valued at approximately $947,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GBDC. Strs Ohio increased its holdings in Golub Capital BDC by 2.9% in the 3rd quarter. Strs Ohio now owns 16,237,782 shares of the investment management company’s stock worth $222,295,000 after acquiring an additional 450,126 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 9.0% during the third quarter. Van ECK Associates Corp now owns 4,843,816 shares of the investment management company’s stock valued at $66,312,000 after purchasing an additional 401,723 shares in the last quarter. Bank of America Corp DE grew its position in shares of Golub Capital BDC by 5.7% in the third quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock valued at $52,430,000 after purchasing an additional 207,998 shares during the period. Sound Income Strategies LLC increased its stake in shares of Golub Capital BDC by 2.0% during the third 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 in the last quarter. Finally, Generali Asset Management SPA SGR raised its position in shares of Golub Capital BDC by 4.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock worth $36,015,000 after purchasing an additional 118,034 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GBDC shares. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $14.38.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $12.54 on Friday. The company has a market cap of $3.30 billion, a P/E ratio of 10.03 and a beta of 0.45. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.63. The company’s 50-day moving average price is $12.68 and its 200-day moving average price is $13.47. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. The company had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter in the prior year, the company earned $0.42 EPS. On average, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 10.5%. Golub Capital BDC’s payout ratio is 105.60%.

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.