Corient Private Wealth LLC Cuts Stake in Golub Capital BDC, Inc. $GBDC

Corient Private Wealth LLC reduced its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,217,576 shares of the investment management company’s stock after selling 869,477 shares during the quarter. Corient Private Wealth LLC’s holdings in Golub Capital BDC were worth $70,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in Golub Capital BDC in the third quarter worth about $77,000. Clearstead Advisors LLC increased its position in Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after purchasing an additional 1,941 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Golub Capital BDC by 104.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,287 shares during the period. Allworth Financial LP raised its holdings in shares of Golub Capital BDC by 213.5% in the 3rd quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 4,680 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter valued at about $109,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $12.35 on Friday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 16.04 and a beta of 0.39. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $15.63. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $13.09 and a 200 day moving average of $13.08.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) 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 analysts’ expectations 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 period in the prior year, the firm posted $0.30 earnings per share. As a group, sell-side 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 Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.7%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 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.