HighTower Advisors LLC Has $34.63 Million Stock Holdings in Golub Capital BDC, Inc. $GBDC

HighTower Advisors LLC grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 279.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,529,267 shares of the investment management company’s stock after buying an additional 1,862,632 shares during the quarter. HighTower Advisors LLC owned 0.95% of Golub Capital BDC worth $34,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GBDC. Whipplewood Advisors LLC lifted its position in Golub Capital BDC by 55.0% in the 3rd quarter. Whipplewood Advisors LLC now owns 104,062 shares of the investment management company’s stock valued at $1,425,000 after acquiring an additional 36,913 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in Golub Capital BDC by 6.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 123,160 shares of the investment management company’s stock worth $1,686,000 after purchasing an additional 7,211 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Golub Capital BDC in the third quarter worth approximately $1,126,000. Advisors Asset Management Inc. lifted its holdings in shares of Golub Capital BDC by 11.8% in the third quarter. Advisors Asset Management Inc. now owns 330,688 shares of the investment management company’s stock valued at $4,527,000 after purchasing an additional 34,983 shares in the last quarter. Finally, Navellier & Associates Inc. boosted 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 valued at $308,000 after buying an additional 4,470 shares during the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $12.25 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 9.80 and a beta of 0.43. Golub Capital BDC, Inc. has a 52 week low of $12.22 and a 52 week high of $16.00. The firm’s 50-day simple moving average is $13.43 and its two-hundred day simple moving average is $13.92.

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 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 company had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. During the same quarter last year, the business posted $0.42 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid 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 10.8%. Golub Capital BDC’s dividend payout ratio is presently 124.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Finally, Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $14.38.

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.