Parametric Portfolio Associates LLC Acquires 631 Shares of Golub Capital BDC, Inc. (GBDC)
Parametric Portfolio Associates LLC lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,591 shares of the investment management company’s stock after buying an additional 631 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Golub Capital BDC were worth $220,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Golub Capital BDC by 219.3% in the second quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock valued at $210,000 after buying an additional 7,584 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Golub Capital BDC by 2.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock worth $218,000 after purchasing an additional 298 shares during the last quarter. Pinebridge Investments L.P. grew its position in shares of Golub Capital BDC by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 14,582 shares of the investment management company’s stock worth $279,000 after acquiring an additional 80 shares in the last quarter. Airain ltd acquired a new position in shares of Golub Capital BDC in the 2nd quarter worth approximately $311,000. Finally, Trexquant Investment LP acquired a new position in shares of Golub Capital BDC in the 2nd quarter worth approximately $325,000. 40.82% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on GBDC. National Securities reiterated a “neutral” rating and issued a $19.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 9th. BidaskClub lowered Golub Capital BDC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Finally, Keefe, Bruyette & Woods set a $20.00 target price on Golub Capital BDC and gave the stock a “hold” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Golub Capital BDC currently has a consensus rating of “Hold” and an average target price of $19.88.
Golub Capital BDC, Inc. (NASDAQ GBDC) opened at $18.94 on Friday. The company has a quick ratio of 3.56, a current ratio of 3.56 and a debt-to-equity ratio of 0.81. Golub Capital BDC, Inc. has a fifty-two week low of $17.87 and a fifty-two week high of $20.50. The company has a market cap of $1,134.35, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.48 and a beta of 0.67.
Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Golub Capital BDC had a net margin of 58.06% and a return on equity of 7.90%. The firm had revenue of $34.95 million for the quarter, compared to analyst estimates of $36.78 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Tuesday, December 12th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.28 annualized dividend and a yield of 6.76%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 90.78%.
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About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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