Coastal Bridge Advisors LLC Buys Shares of 1,193,180 Golub Capital BDC, Inc. $GBDC

Coastal Bridge Advisors LLC bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, Holdings Channel reports. The fund bought 1,193,180 shares of the investment management company’s stock, valued at approximately $15,368,000. Golub Capital BDC accounts for about 1.0% of Coastal Bridge Advisors LLC’s investment portfolio, making the stock its 22nd largest holding.

Other institutional investors also recently modified their holdings of the company. Strs Ohio raised its stake in shares of Golub Capital BDC by 2.6% during the first quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock worth $216,999,000 after buying an additional 435,772 shares during the last quarter. Corient Private Wealth LP acquired a new stake in Golub Capital BDC during the 2nd quarter worth $50,833,000. JPMorgan Chase & Co. grew its holdings in Golub Capital BDC by 53.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after acquiring an additional 1,368,759 shares during the period. Bank of America Corp DE raised its position in shares of Golub Capital BDC by 5.7% during the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock valued at $52,430,000 after acquiring an additional 207,998 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of Golub Capital BDC by 4.1% during the 1st quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company’s stock valued at $46,882,000 after acquiring an additional 147,734 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GBDC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Oppenheimer reiterated an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a report on Wednesday, May 6th. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Royal Bank Of Canada reduced their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC Stock Down 0.3%

Shares of NASDAQ:GBDC opened at $13.07 on Friday. The company has a 50 day moving average price of $12.93 and a two-hundred day moving average price of $12.84. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $3.39 billion, a PE ratio of 20.11 and a beta of 0.39. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $14.93.

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

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 203.08%.

Insiders Place Their Bets

In other Golub Capital BDC 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 transaction of $21,893,614.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Golub Capital BDC Company 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.