Golub Capital BDC, Inc. $GBDC Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 63.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,530,063 shares of the investment management company’s stock after selling 2,670,471 shares during the quarter. Corient Private Wealth LLC owned about 0.57% of Golub Capital BDC worth $22,415,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP lifted its holdings in Golub Capital BDC by 116.8% during the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after buying an additional 1,181 shares in the last quarter. Quarry LP purchased a new stake in shares of Golub Capital BDC during the first quarter worth $34,000. First Horizon Advisors Inc. acquired a new stake in shares of Golub Capital BDC in the second quarter valued at $41,000. MTM Investment Management LLC purchased a new position in Golub Capital BDC in the second quarter valued at $41,000. Finally, SVB Wealth LLC acquired a new position in Golub Capital BDC during the 1st quarter worth $50,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.5%

Shares of NASDAQ GBDC opened at $13.54 on Thursday. The business has a 50-day moving average of $13.94 and a two-hundred day moving average of $14.42. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 9.54 and a beta of 0.43. 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 1.23, a current ratio of 1.90 and a quick ratio of 1.90.

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

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a yield of 11.5%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 109.86%.

Analysts Set New Price Targets

Several brokerages have weighed in on GBDC. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Keefe, Bruyette & Woods lowered their price objective on 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday. Two equities 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 stock currently has a consensus rating of “Moderate Buy” and a consensus 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.