Golub Capital BDC, Inc. $GBDC Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 46.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,568 shares of the investment management company’s stock after selling 16,127 shares during the period. Truist Financial Corp’s holdings in Golub Capital BDC were worth $272,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GBDC. Onyx Bridge Wealth Group LLC increased its holdings in shares of Golub Capital BDC by 65.0% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company’s stock valued at $1,721,000 after acquiring an additional 44,760 shares during the period. Sigma Investment Counselors Inc. acquired a new position in Golub Capital BDC in the first quarter valued at $10,935,000. Oppenheimer & Co. Inc. increased its stake in Golub Capital BDC by 98.6% in the first quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company’s stock valued at $595,000 after purchasing an additional 19,496 shares during the period. Kingswood Wealth Advisors LLC increased its position in Golub Capital BDC by 39.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 34,591 shares of the investment management company’s stock valued at $526,000 after acquiring an additional 9,858 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in Golub Capital BDC by 24.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company’s stock valued at $198,000 after acquiring an additional 2,541 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Golub Capital BDC in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Golub Capital BDC Trading Up 1.8%

Shares of GBDC stock opened at $13.92 on Friday. The business’s fifty day moving average price is $14.29 and its 200 day moving average price is $14.54. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00. The firm has a market capitalization of $3.71 billion, a PE ratio of 9.80 and a beta of 0.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37.

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

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 11.2%. The ex-dividend date was Monday, September 15th. Golub Capital BDC’s dividend payout ratio is presently 109.86%.

About Golub Capital BDC

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.