NewEdge Wealth LLC Invests $539,000 in Golub Capital BDC, Inc. $GBDC

NewEdge Wealth LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,825 shares of the investment management company’s stock, valued at approximately $539,000.

A number of other hedge funds also recently added to or reduced their stakes in GBDC. Main Street Group LTD purchased a new stake in Golub Capital BDC during the 1st quarter valued at $47,000. Fifth Third Bancorp purchased a new stake in shares of Golub Capital BDC during the first quarter valued at $68,000. Trust Co. of Vermont purchased a new stake in shares of Golub Capital BDC during the second quarter valued at $77,000. Advisory Services Network LLC bought a new stake in Golub Capital BDC in the 3rd quarter worth about $77,000. Finally, Clearstead Advisors LLC raised its position in Golub Capital BDC by 48.6% in the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after buying an additional 1,941 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Trading Down 0.1%

Golub Capital BDC stock opened at $13.20 on Friday. The business has a 50-day simple moving average of $12.89 and a two-hundred day simple moving average of $12.83. The company has a market cap of $3.43 billion, a P/E ratio of 20.31 and a beta of 0.39. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million for the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter in the prior year, the business earned $0.39 EPS. Analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GBDC. Royal Bank Of Canada dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

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.