Focused Wealth Management Inc Acquires New Shares in Golub Capital BDC, Inc. $GBDC

Focused Wealth Management Inc bought a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 125,391 shares of the investment management company’s stock, valued at approximately $1,615,000.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Golub Capital BDC by 41.4% in the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after acquiring an additional 38,534 shares during the period. NewEdge Advisors LLC boosted its position 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 buying an additional 7,178 shares in the last quarter. Empowered Funds LLC boosted its holdings 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 worth $415,000 after acquiring an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Golub Capital BDC in the first quarter worth $6,491,000. Finally, Focus Partners Wealth lifted its position in Golub Capital BDC by 24.9% during the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after buying an additional 6,658 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Down 1.1%

Shares of GBDC opened at $13.12 on Tuesday. The firm’s 50 day moving average is $12.89 and its 200-day moving average is $12.83. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93. 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 stock has a market capitalization of $3.41 billion, a PE ratio of 20.18 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last issued its 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. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The company had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. During the same period in the previous year, the company earned $0.39 EPS. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s dividend payout ratio is currently 203.08%.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GBDC has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target 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. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.90.

About Golub Capital BDC

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.