Foundations Investment Advisors LLC Reduces Position in Golub Capital BDC, Inc. $GBDC

Foundations Investment Advisors LLC lowered its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 24.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,461 shares of the investment management company’s stock after selling 6,882 shares during the period. Foundations Investment Advisors LLC’s holdings in Golub Capital BDC were worth $314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allworth Financial LP raised its position in shares of Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,181 shares in the last quarter. Quarry LP bought a new stake in shares of Golub Capital BDC in the first quarter worth $34,000. First Horizon Advisors Inc. acquired a new stake in Golub Capital BDC in the second quarter valued at $41,000. SVB Wealth LLC bought a new position in Golub Capital BDC during the 1st quarter valued at $50,000. Finally, AlphaQuest LLC boosted its stake in 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.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Golub Capital BDC Stock Up 0.1%

Shares of NASDAQ:GBDC opened at $13.53 on Friday. The company’s fifty day moving average is $13.90 and its two-hundred day moving average is $14.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.37 and a current ratio of 1.90. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 9.53 and a beta of 0.47.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $217.84 million during the quarter, compared to the consensus estimate of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Friday, December 12th. Golub Capital BDC’s dividend payout ratio is presently 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.