Golub Capital BDC, Inc. $GBDC Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 24.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,019,148 shares of the investment management company’s stock after acquiring an additional 597,918 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Golub Capital BDC were worth $40,970,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the third quarter valued at $77,000. Clearstead Advisors LLC grew its position in Golub Capital BDC by 48.6% during the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after buying an additional 1,941 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after buying an additional 3,287 shares during the period. Allworth Financial LP grew its position in Golub Capital BDC by 213.5% during the third quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock valued at $94,000 after buying an additional 4,680 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Golub Capital BDC during the fourth quarter valued at $109,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on GBDC shares. Zacks Research lowered shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Royal Bank Of Canada dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.00.

Golub Capital BDC Stock Down 4.3%

Shares of NASDAQ GBDC opened at $12.72 on Tuesday. The company’s 50-day simple moving average is $13.11 and its 200-day simple moving average is $13.12. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 16.52 and a beta of 0.39. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter last year, the business earned $0.30 EPS. Equities analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 10.4%. Golub Capital BDC’s payout ratio is presently 171.43%.

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.