214,709 Shares of Golub Capital BDC, Inc. $GBDC Purchased by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 3rd quarter, HoldingsChannel reports. The fund acquired 214,709 shares of the investment management company’s stock, valued at approximately $2,712,000. Golub Capital BDC makes up 2.0% of Eagle Bay Advisors LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds have also recently modified their holdings of the company. Levin Capital Strategies L.P. grew its holdings in Golub Capital BDC by 12.9% during the first quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,328 shares during the period. Allworth Financial LP purchased a new position in Golub Capital BDC during the second quarter valued at approximately $25,000. Comprehensive Money Management Services LLC lifted its holdings in Golub Capital BDC by 15.2% in the first quarter. Comprehensive Money Management Services LLC now owns 15,125 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 2,000 shares during the period. Burk Holdings LLC acquired a new position in Golub Capital BDC in the second quarter valued at approximately $30,000. Finally, Royal Bank of Canada lifted its holdings in Golub Capital BDC by 2.4% in the first quarter. Royal Bank of Canada now owns 100,967 shares of the investment management company’s stock valued at $1,278,000 after acquiring an additional 2,401 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Weiss Ratings lowered shares of Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded down $0.15 during trading on Friday, reaching $12.12. 885,736 shares of the company’s stock traded hands, compared to its average volume of 1,567,430. The firm has a market cap of $3.15 billion, a PE ratio of 18.65 and a beta of 0.41. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.40. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The company has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $12.88.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $98.53 million for the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were given a $0.33 dividend. The ex-dividend date was Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.9%. Golub Capital BDC’s payout ratio is 203.08%.

Insider Buying and Selling at Golub Capital BDC

In other news, Director Lawrence 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 transaction of $21,893,614.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

Golub Capital BDC Profile

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in privately owned businesses through senior secured loans, unitranche loans, second-lien loans, subordinated debt and, to a lesser extent, equity investments. Its objective is to generate current income and long-term capital appreciation by supporting companies across a range of industries.

Golub Capital BDC generally works with companies that are backed by private equity firms and provides customized financing for acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.