HB Wealth Management LLC Has $3.41 Million Holdings in Golub Capital BDC, Inc. $GBDC

HB Wealth Management LLC boosted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 28.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 249,399 shares of the investment management company’s stock after acquiring an additional 55,524 shares during the quarter. HB Wealth Management LLC’s holdings in Golub Capital BDC were worth $3,414,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada lifted 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 valued at $1,991,000 after purchasing an additional 38,534 shares in the last quarter. NewEdge Advisors LLC raised its position 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 buying an additional 7,178 shares during the last quarter. Empowered Funds LLC lifted its stake in Golub Capital BDC by 140.0% during the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after acquiring 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 worth $6,491,000. Finally, Focus Partners Wealth boosted its holdings in 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. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GBDC shares. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Finally, Wells Fargo & Company raised Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $14.83.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $13.69 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. The company has a market cap of $3.61 billion, a PE ratio of 9.64 and a beta of 0.43. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The firm’s 50-day simple moving average is $13.80 and its two-hundred day simple moving average is $14.26.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $217.84 million for the quarter, compared to analyst estimates of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend was Friday, December 12th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 109.86%.

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.