Parallel Advisors LLC Sells 76,649 Shares of Golub Capital BDC, Inc. $GBDC

Parallel Advisors LLC lessened its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 35.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,065 shares of the investment management company’s stock after selling 76,649 shares during the quarter. Parallel Advisors LLC’s holdings in Golub Capital BDC were worth $1,786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GBDC. Strs Ohio lifted its holdings in shares of Golub Capital BDC by 2.6% in the first quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock worth $216,999,000 after buying an additional 435,772 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Golub Capital BDC by 53.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after acquiring an additional 1,368,759 shares in the last quarter. Bank of America Corp DE increased its holdings in Golub Capital BDC by 5.7% during the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock worth $52,430,000 after acquiring an additional 207,998 shares during the period. Sound Income Strategies LLC increased its holdings in Golub Capital BDC by 4.1% during the 1st quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company’s stock worth $46,882,000 after acquiring an additional 147,734 shares during the period. Finally, Sage Mountain Advisors LLC lifted its stake in Golub Capital BDC by 11.0% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,360,932 shares of the investment management company’s stock worth $45,608,000 after purchasing an additional 332,443 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Trading Up 0.5%

Shares of Golub Capital BDC stock opened at $13.01 on Wednesday. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.55. The firm has a market cap of $3.39 billion, a PE ratio of 16.90 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The company has a 50 day simple moving average of $12.91 and a two-hundred day simple moving average of $12.92.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period in the previous year, the company earned $0.30 EPS. Analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend was Monday, June 15th. Golub Capital BDC’s dividend payout ratio is currently 171.43%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GBDC. Royal Bank Of Canada cut their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Oppenheimer restated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.