Focused Wealth Management Inc Increases Stock Position in Golub Capital BDC, Inc. $GBDC

Focused Wealth Management Inc increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1,003.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,794 shares of the investment management company’s stock after purchasing an additional 119,849 shares during the period. Focused Wealth Management Inc owned 0.05% of Golub Capital BDC worth $1,669,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Lalia Capital LLC bought a new position in shares of Golub Capital BDC in the 4th quarter worth $33,642,000. JPMorgan Chase & Co. boosted 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 purchasing an additional 1,368,759 shares in the last quarter. Rivernorth Capital Management LLC boosted its position 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 valued at $23,270,000 after purchasing an additional 1,189,706 shares in the last quarter. UBS Group AG grew its stake in Golub Capital BDC by 29.4% in the fourth quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock valued at $38,875,000 after purchasing an additional 651,110 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in 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 purchasing an additional 597,918 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $12.32 on Wednesday. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month 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 company has a market cap of $3.21 billion, a PE ratio of 16.00 and a beta of 0.39. The company’s 50 day moving average is $13.08 and its 200 day moving average is $13.05.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data 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). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The business had revenue of ($5.28) million during the quarter, compared to analysts’ expectations of $201.71 million. During the same period last year, the company earned $0.30 earnings per share. On average, sell-side 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 will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a dividend of $0.33 per share. 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 currently 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.