J.M. Arbour LLC Invests $994,000 in Golub Capital BDC, Inc. $GBDC

J.M. Arbour LLC bought a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 73,217 shares of the investment management company’s stock, valued at approximately $994,000.

Several other institutional investors have also made changes to their positions in the stock. Comprehensive Money Management Services LLC boosted its holdings in shares of Golub Capital BDC by 7.8% during the third quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock worth $171,000 after purchasing an additional 900 shares during the period. Colton Groome Financial Advisors LLC boosted its holdings in shares of Golub Capital BDC by 9.0% during the third quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock worth $152,000 after purchasing an additional 913 shares during the period. Truist Financial Corp boosted its holdings in shares of Golub Capital BDC by 5.6% during the third quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock worth $268,000 after purchasing an additional 1,035 shares during the period. Keel Point LLC boosted its holdings in shares of Golub Capital BDC by 2.7% during the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after purchasing an additional 1,039 shares during the period. Finally, Riverbridge Partners LLC boosted its holdings in shares of Golub Capital BDC by 2.3% during the third quarter. Riverbridge Partners LLC now owns 46,889 shares of the investment management company’s stock worth $642,000 after purchasing an additional 1,049 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $13.29 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $3.50 billion, a PE ratio of 10.63 and a beta of 0.40. The company has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $13.32. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were paid a $0.33 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 9.9%. Golub Capital BDC’s payout ratio is 105.60%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Wells Fargo & Company decreased their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Capital One Financial set a $15.00 price target on shares of Golub Capital BDC in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of “Buy” and a consensus target price of $14.38.

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.