Golub Capital BDC, Inc. $GBDC Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1,321.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,976 shares of the investment management company’s stock after purchasing an additional 146,860 shares during the quarter. GSA Capital Partners LLP owned 0.06% of Golub Capital BDC worth $2,163,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its stake in Golub Capital BDC by 116.8% during the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,181 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Golub Capital BDC in the third quarter valued at $33,000. First Horizon Advisors Inc. purchased a new position in shares of Golub Capital BDC during the 2nd quarter worth approximately $41,000. MTM Investment Management LLC acquired a new position in shares of Golub Capital BDC in the second quarter worth $41,000. Finally, CWM LLC lifted its holdings in Golub Capital BDC by 13,588.0% in the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 3,397 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Capital One Financial set a $15.00 price target on Golub Capital BDC in a report on Thursday, January 15th. Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Wells Fargo & Company cut their price target on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Trading Down 0.6%

GBDC opened at $12.63 on Tuesday. Golub Capital BDC, Inc. has a fifty-two week low of $12.28 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 10.10 and a beta of 0.43. The firm has a 50 day simple moving average of $13.47 and a 200 day simple moving average of $13.94.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same period last year, the firm posted $0.42 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 30th. Investors 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 dividend yield of 10.5%. Golub Capital BDC’s payout ratio is presently 124.80%.

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.