Susquehanna International Group LLP Reduces Holdings in Golub Capital BDC, Inc. (GBDC)
Susquehanna International Group LLP cut its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 24.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,000 shares of the investment management company’s stock after selling 5,900 shares during the quarter. Susquehanna International Group LLP’s holdings in Golub Capital BDC were worth $344,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GBDC. Muzinich & Co. Inc. raised its position in Golub Capital BDC by 19.7% in the second quarter. Muzinich & Co. Inc. now owns 2,692,260 shares of the investment management company’s stock valued at $51,476,000 after purchasing an additional 443,945 shares during the last quarter. Bank of Montreal Can bought a new position in Golub Capital BDC in the second quarter valued at about $7,342,000. First Eagle Investment Management LLC raised its position in Golub Capital BDC by 58.2% in the second quarter. First Eagle Investment Management LLC now owns 543,700 shares of the investment management company’s stock valued at $10,396,000 after purchasing an additional 200,000 shares during the last quarter. Farmhouse Investment Management LLC bought a new position in Golub Capital BDC in the first quarter valued at about $4,052,000. Finally, Geneva Advisors LLC bought a new position in Golub Capital BDC in the second quarter valued at about $1,850,000. Hedge funds and other institutional investors own 41.58% of the company’s stock.
Several equities analysts have commented on GBDC shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 target price on shares of Golub Capital BDC in a research report on Tuesday, July 25th. BidaskClub downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. National Securities reiterated a “neutral” rating and issued a $19.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Golub Capital BDC currently has an average rating of “Hold” and an average price target of $19.88.
In other news, Director William M. Iv Webster purchased 5,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was purchased at an average price of $18.46 per share, with a total value of $92,300.00. Following the completion of the purchase, the director now directly owns 136,514 shares in the company, valued at approximately $2,520,048.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.
Golub Capital BDC, Inc. (NASDAQ:GBDC) opened at 18.97 on Monday. The firm has a 50-day moving average price of $18.65 and a 200 day moving average price of $19.43. Golub Capital BDC, Inc. has a 52-week low of $17.34 and a 52-week high of $20.50.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The firm had revenue of $35.40 million during the quarter, compared to analyst estimates of $35.11 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that Golub Capital BDC, Inc. will post $1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend was Friday, September 1st. Golub Capital BDC’s dividend payout ratio (DPR) is currently 96.24%.
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Golub Capital BDC Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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