Muzinich & Co. Inc. Buys 397,514 Shares of Golub Capital BDC, Inc. $GBDC

Muzinich & Co. Inc. lifted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 32.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,625,636 shares of the investment management company’s stock after purchasing an additional 397,514 shares during the period. Golub Capital BDC makes up approximately 8.6% of Muzinich & Co. Inc.’s holdings, making the stock its 5th biggest holding. Muzinich & Co. Inc.’s holdings in Golub Capital BDC were worth $22,255,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC lifted its stake in shares of Golub Capital BDC by 0.3% in the 2nd quarter. Eagle Bay Advisors LLC now owns 261,033 shares of the investment management company’s stock valued at $3,824,000 after purchasing an additional 708 shares in the last quarter. Comprehensive Money Management Services LLC lifted its position in Golub Capital BDC by 8.7% during the second quarter. Comprehensive Money Management Services LLC now owns 11,600 shares of the investment management company’s stock valued at $170,000 after buying an additional 930 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Golub Capital BDC by 1.7% in the second quarter. Chicago Partners Investment Group LLC now owns 58,032 shares of the investment management company’s stock worth $898,000 after acquiring an additional 971 shares in the last quarter. Perigon Wealth Management LLC raised its position in Golub Capital BDC by 9.0% in the second quarter. Perigon Wealth Management LLC now owns 11,894 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 983 shares during the period. Finally, Amplius Wealth Advisors LLC lifted its stake in shares of Golub Capital BDC by 2.0% during the second quarter. Amplius Wealth Advisors LLC now owns 52,158 shares of the investment management company’s stock worth $764,000 after purchasing an additional 1,001 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of analyst reports. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Keefe, Bruyette & Woods lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.83.

Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC opened at $13.50 on Tuesday. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00. The company has a market cap of $3.56 billion, a PE ratio of 9.51 and a beta of 0.43. The stock has a 50 day simple moving average of $13.89 and a 200-day simple moving average of $14.32. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The business had revenue of $217.84 million for the quarter, compared to analysts’ expectations of $220.54 million. During the same period in the previous year, the business earned $0.36 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.56 annualized dividend and a dividend yield of 11.6%. Golub Capital BDC’s payout ratio is currently 109.86%.

Golub Capital BDC Company 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.