Wealthedge Investment Advisors LLC Has $1.07 Million Stake in Golub Capital BDC, Inc. $GBDC

Wealthedge Investment Advisors LLC lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 39.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 72,995 shares of the investment management company’s stock after selling 47,221 shares during the period. Wealthedge Investment Advisors LLC’s holdings in Golub Capital BDC were worth $1,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GBDC. Eagle Bay Advisors LLC increased its position in Golub Capital BDC by 0.3% in the 2nd quarter. Eagle Bay Advisors LLC now owns 261,033 shares of the investment management company’s stock valued at $3,824,000 after acquiring an additional 708 shares in the last quarter. Comprehensive Money Management Services LLC lifted its position in shares of Golub Capital BDC by 8.7% during the second quarter. Comprehensive Money Management Services LLC now owns 11,600 shares of the investment management company’s stock worth $170,000 after purchasing an additional 930 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Golub Capital BDC by 1.7% during the second quarter. Chicago Partners Investment Group LLC now owns 58,032 shares of the investment management company’s stock valued at $898,000 after purchasing an additional 971 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Golub Capital BDC by 9.0% in the second quarter. Perigon Wealth Management LLC now owns 11,894 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 983 shares in the last quarter. Finally, Amplius Wealth Advisors LLC raised its position in Golub Capital BDC by 2.0% in the 2nd quarter. Amplius Wealth Advisors LLC now owns 52,158 shares of the investment management company’s stock worth $764,000 after purchasing an additional 1,001 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Up 0.9%

NASDAQ:GBDC opened at $14.08 on Monday. The stock’s fifty day simple moving average is $13.86 and its 200-day simple moving average is $14.50. The firm has a market capitalization of $3.71 billion, a P/E ratio of 9.92 and a beta of 0.43. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $217.84 million for the quarter, compared to analyst estimates of $220.54 million. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a yield of 11.1%. Golub Capital BDC’s payout ratio is currently 109.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.83.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) 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.