NerdWallet Wealth Partners LLC Invests $709,000 in Golub Capital BDC, Inc. $GBDC

NerdWallet Wealth Partners LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 51,760 shares of the investment management company’s stock, valued at approximately $709,000. Golub Capital BDC accounts for 0.4% of NerdWallet Wealth Partners LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Golub Capital BDC in the 3rd quarter valued at about $33,000. MTM Investment Management LLC bought a new stake in shares of Golub Capital BDC in the second quarter valued at about $41,000. First Horizon Advisors Inc. bought a new stake in shares of Golub Capital BDC in the second quarter valued at about $41,000. Finally, CWM LLC boosted its position in shares of Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after buying an additional 3,397 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GBDC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research note on Thursday, January 15th. Keefe, Bruyette & Woods reduced their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Trading Down 2.2%

Golub Capital BDC stock opened at $12.12 on Monday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 9.70 and a beta of 0.45. The firm has a 50-day moving average of $13.06 and a 200-day moving average of $13.69. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The business had revenue of $110.18 million for the quarter, compared to the consensus estimate of $208.89 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, equities analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 10.9%. Golub Capital BDC’s payout ratio is 124.80%.

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.