Golub Capital BDC, Inc. $GBDC Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 17.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,080,551 shares of the investment management company’s stock after buying an additional 158,218 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.41% of Golub Capital BDC worth $15,830,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Golub Capital BDC during the 1st quarter worth $34,000. VSM Wealth Advisory LLC increased its stake in shares of Golub Capital BDC by 102.0% during the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 1,295 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Golub Capital BDC during the 1st quarter valued at about $50,000. Hexagon Capital Partners LLC increased its stake in shares of Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company’s stock valued at $55,000 after acquiring an additional 868 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Golub Capital BDC by 44.7% during the 1st quarter. AlphaQuest LLC now owns 7,067 shares of the investment management company’s stock valued at $107,000 after acquiring an additional 2,184 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Golub Capital BDC Stock Down 0.8%

GBDC opened at $14.08 on Thursday. The firm has a 50 day moving average price of $14.19 and a 200 day moving average price of $14.56. The company has a market cap of $3.75 billion, a PE ratio of 9.92 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 debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) 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 firm had revenue of $218.34 million during the quarter, compared to the consensus estimate of $215.47 million. During the same quarter in the prior year, the company earned $0.39 EPS. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Monday, September 15th. Golub Capital BDC’s dividend payout ratio is 109.86%.

Golub Capital BDC 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.