Golub Capital BDC Inc. (GBDC) Stake Reduced by Brown Advisory Inc.
Brown Advisory Inc. decreased its stake in Golub Capital BDC Inc. (NASDAQ:GBDC) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,857 shares of the investment management company’s stock after selling 18,004 shares during the period. Brown Advisory Inc.’s holdings in Golub Capital BDC were worth $2,979,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System raised its position in Golub Capital BDC by 15.3% in the second quarter. California Public Employees Retirement System now owns 12,800 shares of the investment management company’s stock valued at $231,000 after buying an additional 1,700 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Golub Capital BDC by 5.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,513 shares of the investment management company’s stock worth $262,000 after buying an additional 724 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Golub Capital BDC by 349.0% in the second quarter. JPMorgan Chase & Co. now owns 15,770 shares of the investment management company’s stock worth $285,000 after buying an additional 12,258 shares during the period. Front Barnett Associates LLC raised its stake in shares of Golub Capital BDC by 1.8% in the second quarter. Front Barnett Associates LLC now owns 17,155 shares of the investment management company’s stock worth $310,000 after buying an additional 300 shares during the period. Finally, M&T Bank Corp raised its stake in shares of Golub Capital BDC by 0.8% in the second quarter. M&T Bank Corp now owns 19,460 shares of the investment management company’s stock worth $352,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.
Golub Capital BDC Inc. (NASDAQ:GBDC) traded up 0.05% during mid-day trading on Thursday, hitting $18.77. The company had a trading volume of 11,475 shares. Golub Capital BDC Inc. has a 12-month low of $14.80 and a 12-month high of $19.76. The company’s 50 day moving average price is $18.80 and its 200-day moving average price is $17.87.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The business earned $32.10 million during the quarter, compared to the consensus estimate of $33.01 million. Golub Capital BDC had a return on equity of 7.75% and a net margin of 57.18%. Golub Capital BDC’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Equities research analysts anticipate that Golub Capital BDC Inc. will post $1.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Monday, September 5th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.28 dividend on an annualized basis and a yield of 6.82%. Golub Capital BDC’s payout ratio is 90.78%.
A number of analysts have recently commented on GBDC shares. Zacks Investment Research lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Monday, July 11th. TheStreet upgraded Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Janney Montgomery Scott started coverage on Golub Capital BDC in a report on Tuesday. They issued a “neutral” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.88.
In related news, Director John Thomas Baily acquired 8,250 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was acquired at an average cost of $18.35 per share, for a total transaction of $151,387.50. Following the completion of the acquisition, the director now directly owns 23,179 shares of the company’s stock, valued at approximately $425,334.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by corporate insiders.
About Golub Capital BDC
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.
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