Golub Capital BDC, Inc. (GBDC) To Go Ex-Dividend on September 14th

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Monday, September 14th will be paid a dividend of 0.33 per share by the investment management company on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Monday, September 14th.

Golub Capital BDC has increased its dividend by an average of 0.0%annually over the last three years. Golub Capital BDC has a dividend payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Golub Capital BDC to earn $1.26 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 104.8%.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $12.79 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 19.68 and a beta of 0.39. 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 stock has a fifty day moving average of $13.00 and a 200-day moving average of $12.87. Golub Capital BDC has a one year low of $11.77 and a one year high of $14.85.

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

Insider Buying and Selling at Golub Capital BDC

In related news, Director Lawrence Golub sold 1,676,387 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in Golub Capital BDC during the second quarter valued at $25,000. Burk Holdings LLC acquired a new stake in shares of Golub Capital BDC during the 2nd quarter valued at about $30,000. Main Street Group LTD bought a new stake in shares of Golub Capital BDC in the 1st quarter valued at approximately $47,000. Fifth Third Bancorp bought a new position in Golub Capital BDC during the first quarter valued at approximately $68,000. Finally, Trust Co. of Vermont bought a new stake in Golub Capital BDC in the second quarter worth approximately $77,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (NASDAQ: GBDC) is a business development company that invests in and provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by making investments in privately held businesses.

Its investment portfolio primarily consists of senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments. Golub Capital BDC generally works with companies across a range of industries and may support acquisitions, recapitalizations, refinancings, growth initiatives and other corporate financing needs.

Golub Capital BDC was established in 2010 and is externally managed by GC Advisors LLC, an affiliate of Golub Capital, a private credit asset manager.