Concurrent Investment Advisors LLC Invests $225,000 in Golub Capital BDC, Inc. $GBDC

Concurrent Investment Advisors LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,334 shares of the investment management company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GBDC. Quarry LP purchased a new stake in shares of Golub Capital BDC during the first quarter valued at $34,000. VSM Wealth Advisory LLC lifted its holdings in shares of Golub Capital BDC by 102.0% during the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Golub Capital BDC during the first quarter valued at $50,000. Hexagon Capital Partners LLC lifted its holdings in shares of Golub Capital BDC by 31.6% during the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company’s stock valued at $55,000 after purchasing an additional 868 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Golub Capital BDC by 794.3% during the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company’s stock valued at $91,000 after purchasing an additional 5,330 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Golub Capital BDC Stock Up 0.1%

NASDAQ:GBDC opened at $13.93 on Tuesday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.81 and a beta of 0.48. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The business’s fifty day moving average price is $14.28 and its 200 day moving average price is $14.54.

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, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $218.34 million for 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 period in the previous year, the firm earned $0.39 earnings per share. On average, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors 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 of this dividend was 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.