Pasadena Private Wealth LLC Buys Shares of 55,213 Golub Capital BDC, Inc. $GBDC

Pasadena Private Wealth LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 55,213 shares of the investment management company’s stock, valued at approximately $711,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lalia Capital LLC bought a new stake in shares of Golub Capital BDC during the 4th quarter valued at about $33,642,000. JPMorgan Chase & Co. grew 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 buying an additional 1,368,759 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Golub Capital BDC in the second quarter valued at about $16,206,000. Rivernorth Capital Management LLC increased its stake in Golub Capital BDC by 226.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock valued at $23,270,000 after buying an additional 1,189,706 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Golub Capital BDC by 29.4% during the fourth quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock valued at $38,875,000 after acquiring an additional 651,110 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GBDC shares. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada dropped their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Finally, Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $13.90.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Golub Capital BDC Stock Up 0.8%

Shares of NASDAQ:GBDC opened at $13.17 on Thursday. The firm has a market capitalization of $3.42 billion, a PE ratio of 20.26 and a beta of 0.39. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93. The firm has a fifty day moving average of $12.89 and a 200 day moving average of $12.82.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The business had revenue of $98.53 million for the quarter, compared to the consensus estimate of $189.91 million. During the same quarter last year, the business posted $0.39 earnings per share. As a group, research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 203.08%.

Golub Capital BDC Company 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.