EP Wealth Advisors LLC Acquires Shares of 78,991 Golub Capital BDC, Inc. $GBDC

EP Wealth Advisors LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 78,991 shares of the investment management company’s stock, valued at approximately $1,017,000.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its position in Golub Capital BDC by 41.4% during the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after buying an additional 38,534 shares during the last quarter. NewEdge Advisors LLC increased its stake in Golub Capital BDC by 19.7% in the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 7,178 shares in the last quarter. Empowered Funds LLC increased its position in shares of Golub Capital BDC by 140.0% in the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after buying an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Golub Capital BDC during the 1st quarter valued at about $6,491,000. Finally, Focus Partners Wealth increased its stake in shares of Golub Capital BDC by 24.9% during the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after purchasing an additional 6,658 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of GBDC opened at $13.20 on Monday. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $14.93. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 20.31 and a beta of 0.39. The stock has a 50 day moving average of $12.89 and a 200-day moving average of $12.82.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s dividend payout ratio is currently 203.08%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Golub Capital BDC

In related news, Director Lawrence E. Golub sold 1,676,387 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate 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.