HB Wealth Management LLC Has $3.41 Million Stock Position in Golub Capital BDC, Inc. $GBDC

HB Wealth Management LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 28.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,399 shares of the investment management company’s stock after purchasing an additional 55,524 shares during the quarter. HB Wealth Management LLC owned 0.09% of Golub Capital BDC worth $3,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allworth Financial LP lifted its position in shares of 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 during the last quarter. First Horizon Advisors Inc. bought a new position in shares of Golub Capital BDC in the second quarter worth about $41,000. MTM Investment Management LLC acquired a new stake in shares of Golub Capital BDC in the 2nd quarter valued at approximately $41,000. CWM LLC boosted its stake in shares of Golub Capital BDC by 13,588.0% in the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 3,397 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of Golub Capital BDC during the 3rd quarter valued at approximately $78,000. Institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GBDC has been the subject of several research reports. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Wells Fargo & Company upgraded Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $14.83.

Golub Capital BDC Price Performance

GBDC stock opened at $13.69 on Friday. 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 $3.61 billion, a PE ratio of 9.64 and a beta of 0.43. The company’s 50-day moving average is $13.80 and its 200-day moving average is $14.26. 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 announced its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $220.54 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were given 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 11.4%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 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.