Osbon Capital Management LLC Invests $1.44 Million in Golub Capital BDC, Inc. $GBDC

Osbon Capital Management LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 111,755 shares of the investment management company’s stock, valued at approximately $1,439,000. Golub Capital BDC makes up approximately 1.1% of Osbon Capital Management LLC’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors also recently modified their holdings of GBDC. OMERS ADMINISTRATION Corp bought a new stake in Golub Capital BDC in the 2nd quarter worth about $47,015,000. Sanctuary Advisors LLC purchased a new position in Golub Capital BDC in the 2nd quarter worth about $609,000. Burk Holdings LLC bought a new position in Golub Capital BDC during the 2nd quarter valued at about $30,000. LM Advisors LLC bought a new position in Golub Capital BDC during the 2nd quarter valued at about $721,000. Finally, Compass Financial Management LLC bought a new position in Golub Capital BDC during the 2nd quarter valued at about $559,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GBDC has been the subject of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Royal Bank Of Canada dropped their target price 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. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Insider Activity

In related news, Director Lawrence E. Golub sold 1,676,387 shares of the firm’s 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 is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Golub Capital BDC Price Performance

GBDC stock opened at $13.20 on Monday. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.93. The business’s 50-day moving average is $12.89 and its two-hundred day moving average is $12.82. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 20.31 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same period in the previous year, the company posted $0.39 EPS. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.0%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 203.08%.

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.