44,166 Shares in Golub Capital BDC, Inc. $GBDC Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 44,166 shares of the investment management company’s stock, valued at approximately $559,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GBDC. Advisory Services Network LLC purchased a new stake in shares of Golub Capital BDC in the third quarter worth approximately $77,000. Clearstead Advisors LLC grew its position in Golub Capital BDC by 48.6% during the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after purchasing an additional 1,941 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,287 shares in the last quarter. Allworth Financial LP increased its stake in Golub Capital BDC by 213.5% in the 3rd quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock valued at $94,000 after buying an additional 4,680 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Golub Capital BDC in the 4th quarter valued at approximately $109,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GBDC shares. Royal Bank Of Canada decreased their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research cut Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $12.75 on Wednesday. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. The stock’s 50-day moving average is $12.97 and its two-hundred day moving average is $12.96. The firm has a market cap of $3.32 billion, a P/E ratio of 16.56 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The company had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter last year, the firm posted $0.30 earnings per share. On average, analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 10.4%. Golub Capital BDC’s dividend payout ratio is 171.43%.

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.