TrueMark Investments LLC Invests $829,000 in Golub Capital BDC, Inc. $GBDC

TrueMark Investments LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 61,075 shares of the investment management company’s stock, valued at approximately $829,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Family Wealth Partners LLC grew its stake in Golub Capital BDC by 3.2% during the fourth quarter. Family Wealth Partners LLC now owns 54,554 shares of the investment management company’s stock worth $740,000 after buying an additional 1,688 shares during the last quarter. Riverbridge Partners LLC raised its stake in shares of Golub Capital BDC by 110.1% in the fourth quarter. Riverbridge Partners LLC now owns 98,529 shares of the investment management company’s stock valued at $1,337,000 after acquiring an additional 51,640 shares during the last quarter. Stableford Capital II LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $947,000. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Golub Capital BDC by 7.2% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 128,100 shares of the investment management company’s stock worth $1,738,000 after acquiring an additional 8,600 shares in the last quarter. Finally, Brucke Financial Inc. bought a new stake in Golub Capital BDC during the 4th quarter worth approximately $147,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $12.26 on Monday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.63. The company has a market cap of $3.23 billion, a PE ratio of 9.81 and a beta of 0.45. The company’s 50-day moving average is $12.65 and its two-hundred day moving average is $13.44.

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

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s payout ratio is currently 105.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Capital One Financial set a $15.00 price target on Golub Capital BDC in a report on Thursday, January 15th. Finally, Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Golub Capital BDC presently has a consensus rating of “Buy” and a consensus target price of $14.38.

Golub Capital BDC 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.