Advisors Asset Management Inc. Increases Stock Position in Golub Capital BDC, Inc. $GBDC

Advisors Asset Management Inc. boosted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 67.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,705 shares of the investment management company’s stock after purchasing an additional 119,266 shares during the quarter. Advisors Asset Management Inc. owned about 0.11% of Golub Capital BDC worth $4,332,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GBDC. Avantax Advisory Services Inc. raised its holdings in shares of Golub Capital BDC by 96.0% in the first quarter. Avantax Advisory Services Inc. now owns 23,164 shares of the investment management company’s stock valued at $351,000 after buying an additional 11,347 shares during the last quarter. Cetera Investment Advisers raised its stake in Golub Capital BDC by 18.9% during the 1st quarter. Cetera Investment Advisers now owns 111,756 shares of the investment management company’s stock valued at $1,692,000 after acquiring an additional 17,758 shares during the last quarter. LPL Financial LLC lifted its position in Golub Capital BDC by 16.1% during the 1st quarter. LPL Financial LLC now owns 424,266 shares of the investment management company’s stock worth $6,423,000 after acquiring an additional 58,907 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at approximately $499,000. Finally, Foundations Investment Advisors LLC raised its stake in shares of Golub Capital BDC by 74.3% during the first quarter. Foundations Investment Advisors LLC now owns 28,343 shares of the investment management company’s stock worth $429,000 after purchasing an additional 12,079 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GBDC shares. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.83.

Golub Capital BDC Price Performance

GBDC stock opened at $13.96 on Friday. The firm has a 50 day moving average of $13.86 and a 200-day moving average of $14.51. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 9.83 and a beta of 0.47. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00.

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

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, December 12th. Golub Capital BDC’s payout ratio is 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.