BlackRock Inc. trimmed its holdings in Golub Capital BDC Inc (NASDAQ:GBDC) by 19.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 266,730 shares of the investment management company’s stock after selling 62,457 shares during the quarter. BlackRock Inc. owned about 0.45% of Golub Capital BDC worth $4,881,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp bought a new stake in shares of Golub Capital BDC during the 2nd quarter valued at about $3,660,000. Texas Yale Capital Corp. grew its stake in shares of Golub Capital BDC by 9.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 228,564 shares of the investment management company’s stock valued at $4,183,000 after purchasing an additional 19,554 shares during the period. Cliffwater LLC grew its stake in shares of Golub Capital BDC by 2.3% during the 2nd quarter. Cliffwater LLC now owns 233,585 shares of the investment management company’s stock valued at $4,275,000 after purchasing an additional 5,156 shares during the period. Sei Investments Co. grew its stake in shares of Golub Capital BDC by 62.2% during the 2nd quarter. Sei Investments Co. now owns 8,146 shares of the investment management company’s stock valued at $149,000 after purchasing an additional 3,123 shares during the period. Finally, TCW Group Inc. grew its stake in shares of Golub Capital BDC by 14.5% during the 2nd quarter. TCW Group Inc. now owns 31,500 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 36.67% of the company’s stock.
Golub Capital BDC stock opened at $19.01 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 7.20 and a beta of 0.57. Golub Capital BDC Inc has a 52-week low of $17.35 and a 52-week high of $19.89. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.90.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, August 8th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $38.40 million for the quarter, compared to the consensus estimate of $36.81 million. Golub Capital BDC had a net margin of 60.34% and a return on equity of 7.92%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, sell-side analysts expect that Golub Capital BDC Inc will post 1.27 earnings per share for the current fiscal year.
A number of research firms have issued reports on GBDC. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. BidaskClub downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Finally, National Securities restated a “buy” rating and set a $21.00 price target on shares of Golub Capital BDC in a research note on Monday, August 13th.
About Golub Capital BDC
Golub Capital BDC, Inc is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The company seeks to invest in the United States.
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