Caprock Group LLC Invests $1.13 Million in Golub Capital BDC, Inc. $GBDC

Caprock Group LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 75,472 shares of the investment management company’s stock, valued at approximately $1,126,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in Golub Capital BDC by 11.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 330,688 shares of the investment management company’s stock valued at $4,527,000 after acquiring an additional 34,983 shares during the last quarter. Navellier & Associates Inc. lifted its position in shares of Golub Capital BDC by 24.8% during the third quarter. Navellier & Associates Inc. now owns 22,500 shares of the investment management company’s stock worth $308,000 after purchasing an additional 4,470 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Golub Capital BDC by 14.3% during the third quarter. ProShare Advisors LLC now owns 43,282 shares of the investment management company’s stock valued at $593,000 after purchasing an additional 5,406 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Golub Capital BDC by 14.6% in the third quarter. Oppenheimer & Co. Inc. now owns 39,646 shares of the investment management company’s stock worth $543,000 after purchasing an additional 5,041 shares during the last quarter. Finally, Waterloo Capital L.P. increased its stake in Golub Capital BDC by 4.4% in the 3rd quarter. Waterloo Capital L.P. now owns 146,791 shares of the investment management company’s stock worth $2,010,000 after buying an additional 6,175 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GBDC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Capital One Financial set a $15.00 price target on Golub Capital BDC in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Golub Capital BDC currently has an average rating of “Buy” and a consensus price target of $14.38.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $12.63 on Monday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 10.10 and a beta of 0.43. The stock has a 50-day simple moving average of $13.50 and a two-hundred day simple moving average of $13.96. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. Golub Capital BDC, Inc. has a fifty-two week low of $12.28 and a fifty-two week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $110.18 million for the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Friday, March 13th. Golub Capital BDC’s dividend payout ratio (DPR) is 124.80%.

About Golub Capital BDC

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.