Golub Capital BDC, Inc. $GBDC Stake Increased by Lido Advisors LLC

Lido Advisors LLC boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 67.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,735 shares of the investment management company’s stock after acquiring an additional 182,352 shares during the period. Lido Advisors LLC owned 0.17% of Golub Capital BDC worth $6,633,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GBDC. Strs Ohio raised its stake in Golub Capital BDC by 2.6% during the second quarter. Strs Ohio now owns 15,787,656 shares of the investment management company’s stock valued at $231,289,000 after buying an additional 406,960 shares in the last quarter. Northeast Financial Consultants Inc raised its position in shares of Golub Capital BDC by 60.4% during the 1st quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company’s stock valued at $62,377,000 after acquiring an additional 1,552,223 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Golub Capital BDC by 4.1% during the second quarter. Sound Income Strategies LLC now owns 3,313,649 shares of the investment management company’s stock worth $48,545,000 after purchasing an additional 129,812 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in Golub Capital BDC by 10.5% during the second quarter. Sage Mountain Advisors LLC now owns 3,033,453 shares of the investment management company’s stock worth $44,440,000 after purchasing an additional 287,391 shares during the last quarter. Finally, Generali Asset Management SPA SGR increased its stake 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 purchasing an additional 712,705 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $14.00 on Tuesday. The stock has a market cap of $3.69 billion, a P/E ratio of 9.86 and a beta of 0.43. The firm’s 50-day simple moving average is $13.86 and its 200 day simple moving average is $14.50. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The firm had revenue of $217.84 million during the quarter, compared to analyst estimates of $220.54 million. During the same quarter in the prior year, the firm posted $0.36 EPS. Golub Capital BDC’s revenue was down .2% compared to the same quarter last year. Equities analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, December 12th. This represents a $1.56 annualized dividend and a dividend yield of 11.1%. Golub Capital BDC’s dividend payout ratio (DPR) is 109.86%.

Analysts Set New Price Targets

GBDC has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Tuesday, November 25th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.83.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.