Boston Partners Has $16.69 Million Position in Golub Capital BDC, Inc. $GBDC

Boston Partners raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,136,713 shares of the investment management company’s stock after purchasing an additional 16,850 shares during the quarter. Boston Partners owned 0.43% of Golub Capital BDC worth $16,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GBDC. Allworth Financial LP lifted its stake in shares of Golub Capital BDC by 116.8% in the second quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after acquiring an additional 1,181 shares during the period. Quarry LP purchased a new position in Golub Capital BDC during the 1st quarter worth $34,000. First Horizon Advisors Inc. purchased a new stake in shares of Golub Capital BDC during the second quarter valued at approximately $41,000. MTM Investment Management LLC purchased a new position in Golub Capital BDC in the second quarter valued at about $41,000. Finally, SVB Wealth LLC bought a new position in Golub Capital BDC during the first quarter valued at $50,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $14.08 on Friday. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average price is $13.86 and its 200-day moving average price is $14.51. The stock has a market cap of $3.71 billion, a P/E ratio of 9.92 and a beta of 0.47.

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

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, December 12th. This represents a $1.56 annualized dividend and a yield of 11.1%. Golub Capital BDC’s dividend payout ratio is currently 109.86%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Tuesday. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Keefe, Bruyette & Woods dropped 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 research report on Friday, November 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.83.

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.