Ascentis Independent Advisors Increases Stake in Golub Capital BDC, Inc. $GBDC

Ascentis Independent Advisors raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 116.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,246 shares of the investment management company’s stock after purchasing an additional 40,442 shares during the quarter. Ascentis Independent Advisors’ holdings in Golub Capital BDC were worth $953,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Lalia Capital LLC acquired a new stake in Golub Capital BDC during the 4th quarter worth approximately $33,642,000. JPMorgan Chase & Co. lifted its position in Golub Capital BDC by 53.7% during 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 buying an additional 1,368,759 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in Golub Capital BDC by 226.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock worth $23,270,000 after buying an additional 1,189,706 shares during the period. UBS Group AG grew its stake in Golub Capital BDC by 29.4% during the fourth quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock worth $38,875,000 after buying an additional 651,110 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Golub Capital BDC by 24.7% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 3,019,148 shares of the investment management company’s stock worth $40,970,000 after acquiring an additional 597,918 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Shares of GBDC opened at $12.75 on Wednesday. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $15.63. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 16.56 and a beta of 0.39. The stock has a 50 day moving average of $12.97 and a 200-day moving average of $12.96.

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

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Monday, June 15th. Golub Capital BDC’s dividend payout ratio is currently 171.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Royal Bank Of Canada decreased their price target 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, Zacks Research downgraded shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

About Golub Capital BDC

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.