Cerity Partners LLC Cuts Position in Golub Capital BDC, Inc. $GBDC

Cerity Partners LLC reduced its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 929,231 shares of the investment management company’s stock after selling 246,120 shares during the period. Cerity Partners LLC owned about 0.35% of Golub Capital BDC worth $12,721,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GBDC. Abundance Wealth Counselors grew its holdings in shares of Golub Capital BDC by 5.5% during the third quarter. Abundance Wealth Counselors now owns 80,743 shares of the investment management company’s stock worth $1,105,000 after purchasing an additional 4,185 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Golub Capital BDC by 2.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 45,085 shares of the investment management company’s stock valued at $617,000 after purchasing an additional 1,049 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Golub Capital BDC by 7.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 432,514 shares of the investment management company’s stock worth $5,921,000 after acquiring an additional 30,056 shares in the last quarter. Northstar Group Inc. boosted its holdings in Golub Capital BDC by 22.7% during the third quarter. Northstar Group Inc. now owns 24,288 shares of the investment management company’s stock worth $333,000 after buying an additional 4,500 shares in the last quarter. Finally, GraniteShares Advisors LLC grew its holdings in shares of Golub Capital BDC by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 202,585 shares of the investment management company’s stock worth $2,773,000 after acquiring an additional 17,850 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

GBDC stock opened at $13.69 on Friday. 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. The stock’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $14.26. The firm has a market cap of $3.61 billion, a P/E ratio of 9.64 and a beta of 0.43.

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, hitting the consensus estimate of $0.39. The firm had revenue of $217.84 million for the quarter, compared to analyst estimates of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. Golub Capital BDC’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, equities research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend was Friday, December 12th. Golub Capital BDC’s payout ratio is presently 109.86%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Wells Fargo & Company raised shares of 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 report on Wednesday. Keefe, Bruyette & Woods dropped their target price 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $14.83.

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.