JPMorgan Chase & Co. Acquires 125,881 Shares of Golub Capital BDC, Inc. $GBDC

JPMorgan Chase & Co. lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,548,553 shares of the investment management company’s stock after buying an additional 125,881 shares during the quarter. JPMorgan Chase & Co. owned about 0.96% of Golub Capital BDC worth $34,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its holdings in Golub Capital BDC by 116.8% in the second quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Golub Capital BDC during the 3rd quarter worth about $33,000. First Horizon Advisors Inc. acquired a new stake in shares of Golub Capital BDC in the 2nd quarter valued at about $41,000. MTM Investment Management LLC bought a new stake in Golub Capital BDC in the 2nd quarter valued at about $41,000. Finally, CWM LLC increased its position in Golub Capital BDC by 13,588.0% in the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after buying an additional 3,397 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of research reports. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Finally, Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $14.38.

Golub Capital BDC Price Performance

GBDC opened at $11.99 on Friday. Golub Capital BDC, Inc. has a 1 year low of $11.95 and a 1 year high of $15.74. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 9.59 and a beta of 0.43. The firm’s fifty day moving average price is $13.17 and its two-hundred day moving average price is $13.79.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. The company had revenue of $110.18 million for the quarter, compared to analyst estimates of $208.89 million. During the same period last year, the firm earned $0.42 earnings per share. As a group, analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 11.0%. Golub Capital BDC’s dividend payout ratio is currently 124.80%.

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.