Level Four Advisory Services LLC Raises Stake in Golub Capital BDC, Inc. (GBDC)

Level Four Advisory Services LLC increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 84.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,752 shares of the investment management company’s stock after buying an additional 11,761 shares during the period. Level Four Advisory Services LLC’s holdings in Golub Capital BDC were worth $510,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Global X Management Co. LLC boosted its stake in shares of Golub Capital BDC by 50.4% in the first quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock valued at $134,000 after buying an additional 2,254 shares during the period. Massey Quick & Co. LLC increased its stake in Golub Capital BDC by 2.5% in the first quarter. Massey Quick & Co. LLC now owns 15,275 shares of the investment management company’s stock worth $304,000 after buying an additional 375 shares during the last quarter. Sigma Planning Corp bought a new stake in Golub Capital BDC during the first quarter worth $327,000. Northeast Financial Consultants Inc increased its stake in Golub Capital BDC by 27.6% in the first quarter. Northeast Financial Consultants Inc now owns 17,090 shares of the investment management company’s stock worth $340,000 after buying an additional 3,700 shares during the last quarter. Finally, Pekin Singer Strauss Asset Management IL increased its stake in Golub Capital BDC by 5.2% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 21,708 shares of the investment management company’s stock worth $399,000 after buying an additional 1,073 shares during the last quarter. Institutional investors and hedge funds own 45.93% of the company’s stock.

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

Golub Capital BDC, Inc. (NASDAQ GBDC) traded up 0.16% during trading on Friday, reaching $19.30. 272,668 shares of the company traded hands. The firm has a 50-day moving average price of $20.07 and a 200-day moving average price of $19.26. Golub Capital BDC, Inc. has a 52 week low of $17.15 and a 52 week high of $20.50. The company has a market capitalization of $1.11 billion, a P/E ratio of 14.04 and a beta of 0.68.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Thursday, May 4th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 55.30% and a return on equity of 7.67%. The business had revenue of $33.56 million during the quarter, compared to analyst estimates of $35.66 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts forecast that Golub Capital BDC, Inc. will post $1.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Tuesday, June 6th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 6.63%. Golub Capital BDC’s payout ratio is currently 93.43%.

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Several equities analysts recently weighed in on GBDC shares. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Golub Capital BDC in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. National Securities reissued a “neutral” rating and issued a $19.00 price target (up from $10.00) on shares of Golub Capital BDC in a report on Thursday, May 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 price objective on shares of Golub Capital BDC in a report on Tuesday, March 21st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Golub Capital BDC currently has an average rating of “Hold” and an average price target of $19.50.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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