Golub Capital BDC, Inc. $GBDC Shares Bought by Strs Ohio

Strs Ohio raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,140,532 shares of the investment management company’s stock after buying an additional 435,772 shares during the period. Golub Capital BDC makes up approximately 0.9% of Strs Ohio’s portfolio, making the stock its 15th largest position. Strs Ohio owned 0.07% of Golub Capital BDC worth $216,999,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GBDC. Lalia Capital LLC purchased a new stake in shares of Golub Capital BDC during the fourth quarter worth $33,642,000. JPMorgan Chase & Co. grew its stake in Golub Capital BDC by 53.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after purchasing an additional 1,368,759 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in Golub Capital BDC by 226.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock worth $23,270,000 after purchasing an additional 1,189,706 shares in the last quarter. UBS Group AG increased its holdings in Golub Capital BDC by 29.4% during the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock worth $38,875,000 after purchasing an additional 651,110 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its position in Golub Capital BDC by 24.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 3,019,148 shares of the investment management company’s stock valued at $40,970,000 after purchasing an additional 597,918 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 1.2%

Shares of NASDAQ GBDC opened at $12.99 on Friday. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 16.87 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The business has a 50-day moving average of $12.99 and a two-hundred day moving average of $12.97. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The business had revenue of ($5.28) million during the quarter, compared to analysts’ expectations of $201.71 million. During the same quarter in the previous year, the company posted $0.30 EPS. On average, analysts forecast that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend was Monday, June 15th. Golub Capital BDC’s dividend payout ratio is 171.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Oppenheimer restated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Zacks Research downgraded shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.