Alpine Global Management LLC Acquires 129,088 Shares of Golub Capital BDC, Inc. $GBDC

Alpine Global Management LLC lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 487.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,588 shares of the investment management company’s stock after acquiring an additional 129,088 shares during the quarter. Alpine Global Management LLC’s holdings in Golub Capital BDC were worth $2,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Royal Bank of Canada boosted its position in Golub Capital BDC by 41.4% in the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after purchasing an additional 38,534 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Golub Capital BDC by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 7,178 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Golub Capital BDC by 140.0% during the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after purchasing an additional 15,988 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Golub Capital BDC during the 1st quarter worth $6,491,000. Finally, Focus Partners Wealth boosted its holdings in shares of Golub Capital BDC by 24.9% in the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after buying an additional 6,658 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GBDC has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Oppenheimer reissued an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Zacks Research lowered 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 report on Sunday, April 19th. Finally, 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. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $12.35 on Friday. The stock has a market cap of $3.22 billion, a PE ratio of 16.04 and a beta of 0.39. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. 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 stock has a fifty day moving average of $13.10 and a 200-day moving average of $13.09.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.30 earnings per share. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

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.