Lalia Capital LLC Takes Position in Golub Capital BDC, Inc. $GBDC

Lalia Capital LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,479,179 shares of the investment management company’s stock, valued at approximately $33,642,000. Golub Capital BDC comprises 26.3% of Lalia Capital LLC’s investment portfolio, making the stock its 2nd largest holding. Lalia Capital LLC owned 0.94% of Golub Capital BDC at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Main Street Group LTD purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth approximately $51,000. Advisory Services Network LLC purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth approximately $77,000. Clearstead Advisors LLC increased its stake in shares of Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after purchasing an additional 1,941 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Golub Capital BDC by 104.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after purchasing an additional 3,287 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Golub Capital BDC by 213.5% during the 3rd quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after purchasing an additional 4,680 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 1.1%

GBDC opened at $13.04 on Friday. The company has a 50 day moving average of $13.05 and a 200 day moving average of $13.14. The company has a market cap of $3.40 billion, a PE ratio of 16.94 and a beta of 0.39. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $15.63. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period last year, the business posted $0.30 earnings per share. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GBDC. Zacks Research lowered shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods decreased their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada cut their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.00.

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.