Sanctuary Advisors LLC Purchases Shares of 47,300 Golub Capital BDC, Inc. $GBDC

Sanctuary Advisors LLC acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 47,300 shares of the investment management company’s stock, valued at approximately $609,000.

Several other large investors have also recently made changes to their positions in the company. Burk Holdings LLC bought a new position in Golub Capital BDC during the second quarter valued at approximately $30,000. LM Advisors LLC purchased a new stake in shares of Golub Capital BDC during the 2nd quarter worth approximately $721,000. Compass Financial Management LLC bought a new position in shares of Golub Capital BDC during the 2nd quarter valued at approximately $559,000. CFO4Life Group LLC bought a new position in shares of Golub Capital BDC during the 2nd quarter valued at approximately $176,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Golub Capital BDC in the second quarter valued at $1,017,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Trading Down 0.3%

GBDC stock opened at $13.03 on Friday. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $14.93. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 20.05 and a beta of 0.39. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm’s fifty day simple moving average is $12.95 and its two-hundred day simple moving average is $12.84.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. During the same quarter last year, the business earned $0.39 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is 203.08%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GBDC. Oppenheimer restated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Royal Bank Of Canada dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.90.

Insider Activity

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

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.