LM Advisors LLC Invests $721,000 in Golub Capital BDC, Inc. $GBDC

LM Advisors LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, Holdings Channel reports. The firm acquired 56,000 shares of the investment management company’s stock, valued at approximately $721,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised its stake in Golub Capital BDC by 41.4% during the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after purchasing an additional 38,534 shares during the last quarter. NewEdge Advisors LLC increased its stake in Golub Capital BDC by 19.7% in the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after acquiring an additional 7,178 shares during the period. Empowered Funds LLC grew its stake in shares of Golub Capital BDC by 140.0% in the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after purchasing an additional 15,988 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Golub Capital BDC during the first quarter worth $6,491,000. Finally, Focus Partners Wealth grew its holdings in shares of Golub Capital BDC by 24.9% in the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after purchasing an additional 6,658 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 0.1%

Shares of NASDAQ GBDC opened at $13.20 on Friday. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $14.93. The company has a market cap of $3.43 billion, a PE ratio of 20.31 and a beta of 0.39. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $12.89 and a two-hundred day moving average of $12.83.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business 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 period in the prior year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.0%. Golub Capital BDC’s dividend payout ratio is currently 203.08%.

Insider Buying and Selling

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research 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 note on Monday, July 6th. Royal Bank Of Canada reduced their target price 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. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $13.90.

Golub Capital BDC 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.