JPMorgan Chase & Co. Raises Holdings in Golub Capital BDC, Inc. $GBDC

JPMorgan Chase & Co. increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,548,553 shares of the investment management company’s stock after purchasing an additional 125,881 shares during the quarter. JPMorgan Chase & Co. owned 0.97% of Golub Capital BDC worth $34,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in shares of Golub Capital BDC by 1,321.2% during the third quarter. GSA Capital Partners LLP now owns 157,976 shares of the investment management company’s stock valued at $2,163,000 after acquiring an additional 146,860 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Golub Capital BDC by 2,542.0% in the 3rd quarter. AlphaQuest LLC now owns 128,984 shares of the investment management company’s stock worth $1,766,000 after acquiring an additional 124,102 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Golub Capital BDC by 279.4% in the 3rd quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock worth $34,626,000 after acquiring an additional 1,862,632 shares during the last quarter. Generali Asset Management SPA SGR boosted its position in shares of Golub Capital BDC by 4.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock worth $36,015,000 after purchasing an additional 118,034 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Golub Capital BDC by 9.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,843,816 shares of the investment management company’s stock worth $66,312,000 after purchasing an additional 401,723 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Trading Down 1.6%

GBDC opened at $12.35 on Monday. 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 market cap of $3.25 billion, a P/E ratio of 9.88 and a beta of 0.45. The business’s 50-day simple moving average is $12.78 and its 200-day simple moving average is $13.51.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $110.18 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.42 earnings per share. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 10.7%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 105.60%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on 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. Capital One Financial set a $15.00 price target on Golub Capital BDC in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research report 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 data from MarketBeat, the company currently has an average 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.