Lalia Capital LLC Makes New Investment in Golub Capital BDC, Inc. $GBDC

Lalia Capital LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, HoldingsChannel reports. The fund purchased 2,605,281 shares of the investment management company’s stock, valued at approximately $33,556,000. Golub Capital BDC accounts for approximately 16.3% of Lalia Capital LLC’s holdings, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robertson Stephens Wealth Management LLC acquired a new stake in Golub Capital BDC during the 4th quarter worth $3,681,000. Strs Ohio increased its holdings in shares of Golub Capital BDC by 2.9% in the fourth quarter. Strs Ohio now owns 16,704,760 shares of the investment management company’s stock worth $226,684,000 after acquiring an additional 466,978 shares in the last quarter. UBS Group AG increased its holdings in shares of Golub Capital BDC by 29.4% in the fourth quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock worth $38,875,000 after acquiring an additional 651,110 shares in the last quarter. Legal & General Group Plc raised its position in shares of Golub Capital BDC by 18.1% during the fourth quarter. Legal & General Group Plc now owns 2,062,851 shares of the investment management company’s stock worth $27,983,000 after purchasing an additional 315,984 shares during the period. Finally, Orographic Financial Advisors LLC acquired a new stake in shares of Golub Capital BDC during the first quarter worth about $1,069,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $13.20 on Friday. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93. The company’s fifty day simple moving average is $12.89 and its 200-day simple moving average is $12.83. The firm has a market cap of $3.43 billion, a PE ratio of 20.31 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.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. During the same quarter last year, the firm earned $0.39 earnings per share. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

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

Analysts Set New Price Targets

GBDC has been the subject of several research analyst reports. Royal Bank Of Canada decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Insider Buying and Selling at Golub Capital BDC

In related news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.

About Golub Capital BDC

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.