AlTi Global Inc. Invests $1.22 Million in Golub Capital BDC, Inc. $GBDC

AlTi Global Inc. purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 96,554 shares of the investment management company’s stock, valued at approximately $1,222,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. Main Street Group LTD purchased a new stake in Golub Capital BDC in the 1st quarter valued at about $47,000. Fifth Third Bancorp purchased a new position in shares of Golub Capital BDC during the first quarter worth approximately $68,000. Advisory Services Network LLC purchased a new position in shares of Golub Capital BDC during the third quarter worth approximately $77,000. Clearstead Advisors LLC raised its stake in shares of Golub Capital BDC by 48.6% during the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after acquiring an additional 3,287 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on GBDC shares. Royal Bank Of Canada dropped their price objective on 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. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Finally, Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and an average target price of $14.00.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $12.95 on Tuesday. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $15.55. The stock’s 50-day moving average is $12.91 and its 200 day moving average is $12.93. The company has a market cap of $3.37 billion, a P/E ratio of 16.82 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20.

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

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.2%. The ex-dividend date was Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is 171.43%.

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.