Generali Asset Management SPA SGR Boosts Stock Holdings in Golub Capital BDC, Inc. $GBDC

Generali Asset Management SPA SGR grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,630,739 shares of the investment management company’s stock after purchasing an additional 118,034 shares during the period. Golub Capital BDC comprises about 0.8% of Generali Asset Management SPA SGR’s portfolio, making the stock its 24th largest position. Generali Asset Management SPA SGR owned about 0.99% of Golub Capital BDC worth $36,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in 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 buying an additional 1,181 shares during the last quarter. Quarry LP bought a new position in shares of Golub Capital BDC in the first quarter valued at approximately $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 bought a new stake in Golub Capital BDC during the second quarter worth $41,000. Finally, CWM LLC lifted its holdings in Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after acquiring an additional 3,397 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GBDC shares. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Golub Capital BDC has an average rating of “Moderate Buy” and an average price target of $14.83.

Golub Capital BDC Stock Up 0.2%

Shares of NASDAQ GBDC opened at $13.57 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $3.58 billion, a PE ratio of 9.56 and a beta of 0.43. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00. The business’s fifty day moving average price is $13.86 and its 200-day moving average price is $14.30.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $217.84 million for the quarter, compared to analysts’ expectations of $220.54 million. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.56 annualized dividend and a yield of 11.5%. Golub Capital BDC’s dividend payout ratio (DPR) is 109.86%.

Golub Capital BDC Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.