Golub Capital BDC Inc (GBDC) Stake Raised by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in shares of Golub Capital BDC Inc (NASDAQ:GBDC) by 68.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 49,217 shares of the investment management company’s stock after purchasing an additional 20,014 shares during the quarter. Bank of America Corp DE’s holdings in Golub Capital BDC were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GBDC. MRA Associates USA LLC bought a new stake in shares of Golub Capital BDC during the 4th quarter worth $40,429,000. Cliffwater LLC raised its stake in shares of Golub Capital BDC by 43.0% during the 4th quarter. Cliffwater LLC now owns 572,818 shares of the investment management company’s stock worth $9,446,000 after purchasing an additional 172,162 shares during the period. Massey Quick Simon & CO. LLC raised its stake in shares of Golub Capital BDC by 24.8% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 334,626 shares of the investment management company’s stock worth $5,518,000 after purchasing an additional 66,567 shares during the period. California Public Employees Retirement System raised its stake in shares of Golub Capital BDC by 217.0% during the 4th quarter. California Public Employees Retirement System now owns 86,927 shares of the investment management company’s stock worth $1,433,000 after purchasing an additional 59,505 shares during the period. Finally, WESPAC Advisors LLC bought a new stake in shares of Golub Capital BDC during the 4th quarter worth $980,000. Institutional investors own 38.68% of the company’s stock.

GBDC has been the topic of a number of recent analyst reports. BidaskClub upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Finally, National Securities reiterated a “buy” rating and set a $22.00 target price on shares of Golub Capital BDC in a research note on Monday, February 11th.

NASDAQ GBDC opened at $17.80 on Thursday. The firm has a market cap of $1.08 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 6.95 and a beta of 0.65. Golub Capital BDC Inc has a one year low of $16.21 and a one year high of $19.89. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.08.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, May 8th. The investment management company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a return on equity of 8.03% and a net margin of 46.15%. The company had revenue of $41.81 million for the quarter, compared to analysts’ expectations of $45.09 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Golub Capital BDC Inc will post 1.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend is Thursday, June 6th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 99.22%.

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About Golub Capital BDC

Golub Capital BDC, Inc is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The company seeks to invest in the United States.

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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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