Independent Financial Group LLC Takes Position in Golub Capital BDC, Inc. $GBDC

Independent Financial Group LLC bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the first quarter, HoldingsChannel.com reports. The fund bought 69,622 shares of the investment management company’s stock, valued at approximately $881,000.

Several other large investors also recently bought and sold shares of GBDC. Royal Bank of Canada raised its stake in Golub Capital BDC by 41.4% during the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after purchasing an additional 38,534 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Golub Capital BDC by 19.7% in the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after buying an additional 7,178 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Golub Capital BDC by 140.0% in the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after buying an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Golub Capital BDC in the 1st quarter worth about $6,491,000. Finally, Focus Partners Wealth increased its holdings in shares of Golub Capital BDC by 24.9% in the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after buying an additional 6,658 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

GBDC has been the topic of several recent research reports. Royal Bank Of Canada decreased 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 research report on Sunday, April 19th. Oppenheimer reissued an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Finally, Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Golub Capital BDC Trading Up 0.5%

GBDC stock opened at $13.01 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.55. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.90 and a beta of 0.39. The firm’s fifty day simple moving average is $12.91 and its two-hundred day simple moving average is $12.92.

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

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.1%. The ex-dividend date was Monday, June 15th. Golub Capital BDC’s dividend payout ratio is presently 171.43%.

Golub Capital BDC Profile

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.