UBS Group AG Has $38.88 Million Stock Position in Golub Capital BDC, Inc. $GBDC

UBS Group AG increased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,864,751 shares of the investment management company’s stock after purchasing an additional 651,110 shares during the quarter. UBS Group AG’s holdings in Golub Capital BDC were worth $38,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GBDC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Golub Capital BDC in the third quarter worth about $33,000. CWM LLC increased its position in Golub Capital BDC by 13,588.0% in the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after purchasing an additional 3,397 shares during the period. Main Street Group LTD acquired a new stake in Golub Capital BDC in the third quarter worth about $51,000. Advisory Services Network LLC acquired a new stake in Golub Capital BDC in the third quarter worth about $77,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Golub Capital BDC during the 3rd quarter worth about $78,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $13.15 on Friday. The business has a 50 day simple moving average of $12.73 and a 200 day simple moving average of $13.28. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.20. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 17.08 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The business had revenue of ($5.28) million for the quarter, compared to the consensus estimate of $201.71 million. During the same period in the previous year, the company posted $0.30 earnings per share. Analysts anticipate that Golub Capital BDC, Inc. will post 1.38 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio is presently 171.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GBDC. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research note on Wednesday. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Finally, Capital One Financial set a $15.00 price target on Golub Capital BDC in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $14.25.

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.