SCS Capital Management LLC Takes $932,000 Position in Golub Capital BDC, Inc. $GBDC

SCS Capital Management LLC acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, HoldingsChannel reports. The fund acquired 72,372 shares of the investment management company’s stock, valued at approximately $932,000.

A number of other hedge funds also recently bought and sold shares of the company. Main Street Group LTD bought a new position in Golub Capital BDC during the first quarter valued at approximately $47,000. Fifth Third Bancorp purchased a new position in shares of Golub Capital BDC during the first quarter worth approximately $68,000. Advisory Services Network LLC bought a new stake in shares of Golub Capital BDC in the 3rd quarter worth approximately $77,000. Clearstead Advisors LLC lifted its holdings in shares of Golub Capital BDC by 48.6% in the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after acquiring an additional 1,941 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Golub Capital BDC by 104.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,287 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $13.26 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.93. The company has a market capitalization of $3.44 billion, a P/E ratio of 20.40 and a beta of 0.39. The stock has a 50 day moving average price of $12.89 and a two-hundred day moving average price of $12.83.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, August 3rd. The investment management company reported $0.34 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 company had revenue of $98.53 million for the quarter, compared to the consensus estimate of $189.91 million. During the same period in the previous year, the firm earned $0.39 earnings per share. Analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s dividend payout ratio (DPR) is 203.08%.

Analyst Ratings Changes

Several research firms recently commented on GBDC. Royal Bank Of Canada reduced their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Insider Activity

In other news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

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.