Tred Avon Family Wealth LLC Sells 184,801 Shares of Golub Capital BDC, Inc. $GBDC

Tred Avon Family Wealth LLC trimmed its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 73.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,189 shares of the investment management company’s stock after selling 184,801 shares during the quarter. Tred Avon Family Wealth LLC’s holdings in Golub Capital BDC were worth $836,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Family Wealth Partners LLC raised its position in Golub Capital BDC by 10.4% in the 3rd quarter. Family Wealth Partners LLC now owns 88,215 shares of the investment management company’s stock valued at $1,114,000 after purchasing an additional 8,309 shares during the last quarter. Investment Research Partners LLC boosted its stake in Golub Capital BDC by 31.8% during the 3rd quarter. Investment Research Partners LLC now owns 53,910 shares of the investment management company’s stock worth $681,000 after purchasing an additional 12,992 shares during the period. IFP Advisors Inc grew its position in Golub Capital BDC by 153.3% during the 3rd quarter. IFP Advisors Inc now owns 8,375 shares of the investment management company’s stock worth $106,000 after purchasing an additional 5,068 shares during the last quarter. Avail Investment Partners LLC grew its position in Golub Capital BDC by 33.0% during the 3rd quarter. Avail Investment Partners LLC now owns 24,687 shares of the investment management company’s stock worth $312,000 after purchasing an additional 6,124 shares during the last quarter. Finally, Prairiewood Capital LLC grew its position in Golub Capital BDC by 9.4% during the 3rd quarter. Prairiewood Capital LLC now owns 615,153 shares of the investment management company’s stock worth $7,769,000 after purchasing an additional 52,721 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Golub Capital BDC

In other news, Director Lawrence Golub sold 1,676,387 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $12.01 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a fifty day moving average price of $12.70 and a 200 day moving average price of $12.88. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $14.40. The company has a market cap of $3.12 billion, a PE ratio of 18.48 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $98.53 million for the quarter, compared to analyst estimates 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 last year, the firm posted $0.39 EPS. Sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Monday, September 14th. Golub Capital BDC’s dividend payout ratio (DPR) is 203.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Keefe, Bruyette & Woods lowered their price target on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC Profile

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in senior secured loans and other debt investments, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio generally consists of loans to established businesses across a range of industries. Golub Capital BDC may also make subordinated debt and equity-related investments, allowing it to provide flexible financing solutions alongside private equity sponsors and other financial partners.

The company focuses primarily on middle-market businesses in the United States.