Sumitomo Mitsui Trust Group Inc. Grows Position in Golub Capital BDC, Inc. $GBDC

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 36.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,478,390 shares of the investment management company’s stock after purchasing an additional 397,839 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Golub Capital BDC were worth $20,239,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Golub Capital BDC by 116.8% during the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,181 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Golub Capital BDC in the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. bought a new stake in Golub Capital BDC during the 2nd quarter worth approximately $41,000. MTM Investment Management LLC bought a new stake in Golub Capital BDC during the 2nd quarter worth approximately $41,000. Finally, CWM LLC lifted its holdings in Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 3,397 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.9%

GBDC opened at $13.82 on Friday. The company has a market capitalization of $3.64 billion, a PE ratio of 9.73 and a beta of 0.43. The firm has a 50-day simple moving average of $13.78 and a two-hundred day simple moving average of $14.24. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.The firm 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 firm posted $0.36 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. Analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Friday, December 12th. Golub Capital BDC’s dividend payout ratio is currently 109.86%.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of analyst reports. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Keefe, Bruyette & Woods cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Wells Fargo & Company upgraded Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Wednesday, January 7th. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $14.88.

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.