OMERS ADMINISTRATION Corp Purchases New Shares in Golub Capital BDC, Inc. $GBDC

OMERS ADMINISTRATION Corp purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,650,215 shares of the investment management company’s stock, valued at approximately $47,015,000.

A number of other hedge funds have also recently added to or reduced their stakes in GBDC. Royal Bank of Canada raised its stake in shares of Golub Capital BDC by 41.4% in the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after acquiring an additional 38,534 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Golub Capital BDC by 19.7% during the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 7,178 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Golub Capital BDC by 140.0% in the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after purchasing an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at approximately $6,491,000. Finally, Focus Partners Wealth raised its position in 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 purchasing an additional 6,658 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on GBDC. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a report on Wednesday, May 6th. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One research 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. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.90.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $13.20 on Monday. The firm’s 50 day moving average price is $12.89 and its two-hundred day moving average price is $12.82. 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 stock has a market cap of $3.43 billion, a PE ratio of 20.31 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted 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 company had revenue of $98.53 million for the quarter, compared to the consensus estimate of $189.91 million. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

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

Insider Transactions at Golub Capital BDC

In other news, Director Lawrence E. Golub sold 1,676,387 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

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.