Arax Advisory Partners Buys 41,692 Shares of Golub Capital BDC, Inc. $GBDC

Arax Advisory Partners increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 411,251 shares of the investment management company’s stock after acquiring an additional 41,692 shares during the quarter. Arax Advisory Partners’ holdings in Golub Capital BDC were worth $5,581,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strs Ohio boosted its stake in Golub Capital BDC by 2.9% in the fourth quarter. Strs Ohio now owns 16,704,760 shares of the investment management company’s stock valued at $226,684,000 after acquiring an additional 466,978 shares during the last quarter. Van ECK Associates Corp boosted its stake in Golub Capital BDC by 9.0% in the third quarter. Van ECK Associates Corp now owns 4,843,816 shares of the investment management company’s stock valued at $66,312,000 after acquiring an additional 401,723 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Golub Capital BDC by 53.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after acquiring an additional 1,368,759 shares during the last quarter. Bank of America Corp DE boosted its stake in Golub Capital BDC by 5.7% in the third quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock valued at $52,430,000 after acquiring an additional 207,998 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Golub Capital BDC by 6.6% in the fourth quarter. Sound Income Strategies LLC now owns 3,602,799 shares of the investment management company’s stock valued at $49,791,000 after acquiring an additional 224,142 shares during the last quarter. 42.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Zacks Research cut shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Royal Bank Of Canada reduced their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Golub Capital BDC Stock Performance

GBDC opened at $13.29 on Monday. The firm’s fifty day moving average is $13.11 and its two-hundred day moving average is $13.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $3.46 billion, a PE ratio of 17.26 and a beta of 0.39. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same quarter last year, the business posted $0.30 earnings per share. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s dividend payout ratio is 171.43%.

Golub Capital BDC 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.