458,427 Shares in Golub Capital BDC, Inc. $GBDC Acquired by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 458,427 shares of the investment management company’s stock, valued at approximately $5,905,000. Ieq Capital LLC owned approximately 0.18% of Golub Capital BDC as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in Golub Capital BDC in the second quarter worth $25,000. Main Street Group LTD acquired a new position in Golub Capital BDC in the 1st quarter worth about $47,000. Fifth Third Bancorp acquired a new stake in Golub Capital BDC in the first quarter valued at approximately $68,000. Trust Co. of Vermont purchased a new stake in shares of Golub Capital BDC in the second quarter valued at approximately $77,000. Finally, Advisory Services Network LLC acquired a new position in shares of Golub Capital BDC during the 3rd quarter worth approximately $77,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $13.20 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $12.89 and its two-hundred day moving average is $12.82. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 20.31 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same period last year, the business posted $0.39 earnings per share. Research analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.0%. Golub Capital BDC’s dividend payout ratio is 203.08%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GBDC. Royal Bank Of Canada dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Oppenheimer restated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. Finally, Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.90.

Insider Transactions at Golub Capital BDC

In other news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

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.