AlphaQuest LLC Buys 124,102 Shares of Golub Capital BDC, Inc. $GBDC

AlphaQuest LLC lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2,542.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,984 shares of the investment management company’s stock after purchasing an additional 124,102 shares during the quarter. AlphaQuest LLC’s holdings in Golub Capital BDC were worth $1,766,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio grew its holdings in Golub Capital BDC by 2.9% during the 3rd quarter. Strs Ohio now owns 16,237,782 shares of the investment management company’s stock valued at $222,295,000 after buying an additional 450,126 shares in the last quarter. Bank of America Corp DE increased its stake in Golub Capital BDC by 5.8% in the 2nd quarter. Bank of America Corp DE now owns 3,621,790 shares of the investment management company’s stock worth $53,059,000 after acquiring an additional 197,996 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Golub Capital BDC by 2.0% during the 3rd quarter. Sound Income Strategies LLC now owns 3,378,657 shares of the investment management company’s stock worth $45,578,000 after acquiring an additional 65,008 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in shares of Golub Capital BDC by 10.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 3,033,453 shares of the investment management company’s stock valued at $44,440,000 after acquiring an additional 287,391 shares during the last quarter. Finally, Generali Asset Management SPA SGR grew its holdings in shares of Golub Capital BDC by 4.7% in the third quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after purchasing an additional 118,034 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of 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. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Wells Fargo & Company raised shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Wednesday, January 7th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Finally, Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $14.88.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $13.39 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $3.53 billion, a P/E ratio of 9.43 and a beta of 0.43. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00. The company’s 50-day moving average is $13.76 and its 200 day moving average is $14.14.

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

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.7%. The ex-dividend date was Friday, December 12th. Golub Capital BDC’s dividend payout ratio (DPR) is 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.