Golub Capital BDC, Inc. $GBDC Position Lifted by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 177.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,989 shares of the investment management company’s stock after acquiring an additional 62,633 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Golub Capital BDC were worth $1,364,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its stake in Golub Capital BDC by 279.4% in the third quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock worth $34,626,000 after purchasing an additional 1,862,632 shares in the last quarter. Bank of Montreal Can lifted its holdings in Golub Capital BDC by 211.9% during the 2nd quarter. Bank of Montreal Can now owns 726,187 shares of the investment management company’s stock worth $10,639,000 after buying an additional 493,325 shares during the last quarter. Strs Ohio grew its position in shares of Golub Capital BDC by 2.9% in the 3rd quarter. Strs Ohio now owns 16,237,782 shares of the investment management company’s stock worth $222,295,000 after acquiring an additional 450,126 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Golub Capital BDC in the 1st quarter worth approximately $6,491,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Golub Capital BDC by 36.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,478,390 shares of the investment management company’s stock valued at $20,239,000 after acquiring an additional 397,839 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.6%

Golub Capital BDC stock opened at $12.39 on Friday. 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 one year low of $11.77 and a one year high of $15.63. The company has a 50-day simple moving average of $13.09 and a 200-day simple moving average of $13.72. The firm has a market capitalization of $3.26 billion, a P/E ratio of 9.91 and a beta of 0.45.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. The firm had revenue of $110.18 million for the quarter, compared to the consensus estimate of $208.89 million. During the same period last year, the firm posted $0.42 EPS. As a group, equities analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 10.7%. Golub Capital BDC’s payout ratio is currently 124.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GBDC. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Wells Fargo & Company dropped their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Capital One Financial set a $15.00 target price on Golub Capital BDC in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Buy” and a consensus target price of $14.38.

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.