Sanctuary Advisors LLC Makes New $609,000 Investment in Golub Capital BDC, Inc. $GBDC

Sanctuary Advisors LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,300 shares of the investment management company’s stock, valued at approximately $609,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Golub Capital BDC by 41.4% in the first 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 holdings in Golub Capital BDC by 19.7% during the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after buying an additional 7,178 shares during the last quarter. Empowered Funds LLC raised its position in 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 worth $415,000 after acquiring an additional 15,988 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Golub Capital BDC in the first quarter worth approximately $6,491,000. Finally, Focus Partners Wealth boosted 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 acquiring an additional 6,658 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Insider Activity at Golub Capital BDC

In other news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC opened at $13.03 on Friday. The stock has a market cap of $3.38 billion, a PE ratio of 20.05 and a beta of 0.39. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $14.93. The firm has a fifty day moving average price of $12.95 and a 200-day moving average price of $12.84. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33.

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. The company had revenue of $98.53 million for the quarter, compared to analysts’ expectations 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 earned $0.39 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is presently 203.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GBDC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Royal Bank Of Canada lowered their target price on 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. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Oppenheimer restated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.90.

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.