Compass Financial Management LLC Buys Shares of 42,750 Golub Capital BDC, Inc. $GBDC

Compass Financial Management LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,750 shares of the investment management company’s stock, valued at approximately $559,000.

A number of other hedge funds have also modified their holdings of GBDC. Strs Ohio increased its position in shares of Golub Capital BDC by 2.6% during the 1st quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock worth $216,999,000 after purchasing an additional 435,772 shares during the last quarter. JPMorgan Chase & Co. boosted 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 worth $53,158,000 after buying an additional 1,368,759 shares during the period. Bank of America Corp DE boosted its stake in Golub Capital BDC by 5.7% during the third quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock worth $52,430,000 after buying an additional 207,998 shares during the period. Sound Income Strategies LLC increased its position in shares of Golub Capital BDC by 4.1% during the first quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company’s stock valued at $46,882,000 after acquiring an additional 147,734 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Golub Capital BDC by 17.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,559,646 shares of the investment management company’s stock valued at $45,065,000 after acquiring an additional 540,498 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $13.20 on Monday. The stock has a 50-day simple moving average of $12.89 and a 200-day simple moving average of $12.82. The company has a market capitalization of $3.43 billion, a P/E ratio of 20.31 and a beta of 0.39. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $98.53 million for the quarter, compared to analyst estimates of $189.91 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

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 given a dividend of $0.33 per share. The ex-dividend date is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. Golub Capital BDC’s payout ratio is presently 203.08%.

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.