Ocean Park Asset Management LLC Purchases New Shares in Golub Capital BDC, Inc. $GBDC

Ocean Park Asset Management LLC acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 72,973 shares of the investment management company’s stock, valued at approximately $924,000.

A number of other hedge funds have also recently bought and sold shares of the company. Strs Ohio raised its holdings in shares of Golub Capital BDC by 2.9% in the fourth quarter. Strs Ohio now owns 16,704,760 shares of the investment management company’s stock valued at $226,684,000 after purchasing an additional 466,978 shares during the last quarter. Van ECK Associates Corp boosted 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 worth $66,312,000 after purchasing an additional 401,723 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Golub Capital BDC by 53.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after purchasing an additional 1,368,759 shares during the last quarter. Bank of America Corp DE grew its position in Golub Capital BDC by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock worth $52,430,000 after purchasing an additional 207,998 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in Golub Capital BDC by 6.6% in the 4th quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock worth $49,791,000 after purchasing an additional 224,142 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on GBDC. Royal Bank Of Canada dropped their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Zacks Research downgraded Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $12.35 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The stock has a fifty day simple moving average of $13.09 and a two-hundred day simple moving average of $13.07. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $15.63. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 16.04 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The firm had revenue of ($5.28) million for the quarter, compared to analysts’ expectations of $201.71 million. During the same period in the prior year, the company earned $0.30 EPS. Analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.7%. Golub Capital BDC’s payout ratio is 171.43%.

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.