First Trust Advisors LP Buys 74,580 Shares of Golub Capital BDC, Inc. $GBDC

First Trust Advisors LP boosted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 60.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,850 shares of the investment management company’s stock after buying an additional 74,580 shares during the quarter. First Trust Advisors LP owned 0.08% of Golub Capital BDC worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Keel Point LLC increased its position in Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after purchasing an additional 1,039 shares during the period. Ironsides Asset Advisors LLC boosted its stake in shares of Golub Capital BDC by 7.6% during the fourth quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 1,113 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Golub Capital BDC by 1.3% during the fourth quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company’s stock valued at $1,443,000 after purchasing an additional 1,361 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Golub Capital BDC by 3.8% during the third quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock valued at $585,000 after purchasing an additional 1,557 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Golub Capital BDC by 15.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 12,017 shares of the investment management company’s stock valued at $163,000 after buying an additional 1,628 shares during the period. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.8%

Golub Capital BDC stock opened at $13.17 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.20 and a current ratio of 1.33. The stock has a market cap of $3.42 billion, a PE ratio of 20.26 and a beta of 0.39. The stock has a 50-day moving average of $12.88 and a two-hundred day moving average of $12.86. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The business had revenue of $187.73 million for the quarter, compared to analyst estimates of $189.91 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s payout ratio is currently 203.08%.

Analysts Set New Price Targets

GBDC has been the subject of a number of analyst reports. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Royal Bank Of Canada cut their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday. 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 stock. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

About Golub Capital BDC

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.