Golub Capital BDC, Inc. $GBDC Shares Bought by Strs Ohio

Strs Ohio grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,237,782 shares of the investment management company’s stock after acquiring an additional 450,126 shares during the quarter. Golub Capital BDC makes up approximately 0.8% of Strs Ohio’s investment portfolio, making the stock its 16th biggest position. Strs Ohio owned 0.06% of Golub Capital BDC worth $222,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Generali Asset Management SPA SGR lifted its position in Golub Capital BDC by 39.6% during the second quarter. Generali Asset Management SPA SGR now owns 2,512,705 shares of the investment management company’s stock valued at $36,811,000 after buying an additional 712,705 shares in the last quarter. Bank of Montreal Can boosted its position in Golub Capital BDC by 211.9% during the 2nd quarter. Bank of Montreal Can now owns 726,187 shares of the investment management company’s stock worth $10,639,000 after purchasing an additional 493,325 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Golub Capital BDC in the 1st quarter valued at $6,491,000. Sumitomo Mitsui Trust Group Inc. raised its position in Golub Capital BDC by 36.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,478,390 shares of the investment management company’s stock valued at $20,239,000 after purchasing an additional 397,839 shares during the period. Finally, Muzinich & Co. Inc. lifted its stake in shares of Golub Capital BDC by 32.4% during the third quarter. Muzinich & Co. Inc. now owns 1,625,636 shares of the investment management company’s stock worth $22,255,000 after purchasing an additional 397,514 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GBDC shares. Capital One Financial set a $15.00 price target on Golub Capital BDC in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Wells Fargo & Company upgraded shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research note on Wednesday, January 7th. Finally, Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $14.88.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $13.68 on Friday. The firm has a market capitalization of $3.60 billion, a PE ratio of 9.63 and a beta of 0.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.90 and a quick ratio of 1.90. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The company’s 50 day simple moving average is $13.77 and its 200 day simple moving average is $14.21.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $217.84 million for the quarter, compared to the consensus estimate of $220.54 million. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th were given a $0.39 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.56 annualized dividend and a yield of 11.4%. Golub Capital BDC’s payout ratio is 109.86%.

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.