Millennium Management LLC Decreases Position in Golub Capital BDC, Inc. $GBDC

Millennium Management LLC decreased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 19.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,528,608 shares of the investment management company’s stock after selling 380,696 shares during the period. Millennium Management LLC owned approximately 0.57% of Golub Capital BDC worth $23,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GBDC. Advisors Asset Management Inc. boosted its holdings in Golub Capital BDC by 8.2% in the first quarter. Advisors Asset Management Inc. now owns 176,439 shares of the investment management company’s stock valued at $2,671,000 after purchasing an additional 13,386 shares during the last quarter. AlphaQ Advisors LLC purchased a new position in Golub Capital BDC in the first quarter valued at about $271,000. Promethium Advisors LLC boosted its holdings in Golub Capital BDC by 51.4% in the first quarter. Promethium Advisors LLC now owns 22,100 shares of the investment management company’s stock valued at $335,000 after purchasing an additional 7,500 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Golub Capital BDC in the first quarter valued at about $292,000. Finally, Royal Bank of Canada boosted its holdings in 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 valued at $1,991,000 after purchasing an additional 38,534 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of GBDC opened at $14.76 on Friday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 10.39 and a beta of 0.48. The stock has a 50 day moving average of $14.92 and a 200-day moving average of $14.76. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $218.34 million during the quarter, compared to analyst estimates of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC’s payout ratio is presently 109.86%.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.