North Ground Capital Takes Position in Golub Capital BDC, Inc. $GBDC

North Ground Capital bought a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the investment management company’s stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GBDC. Allworth Financial LP raised its holdings 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 worth $32,000 after acquiring an additional 1,181 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Golub Capital BDC in the third quarter valued at $33,000. First Horizon Advisors Inc. bought a new stake in Golub Capital BDC in the second quarter worth $41,000. MTM Investment Management LLC purchased a new stake in Golub Capital BDC during the second quarter valued at $41,000. Finally, CWM LLC lifted its position 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 during the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Down 0.9%

Shares of NASDAQ GBDC opened at $13.82 on Monday. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.00. The firm has a 50-day simple moving average of $13.78 and a two-hundred day simple moving average of $14.23. The company has a market cap of $3.64 billion, a P/E ratio of 9.73 and a beta of 0.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.90 and a quick ratio of 1.90.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend was Friday, December 12th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 109.86%.

Analysts Set New Price Targets

GBDC has been the topic of a number of research reports. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday. Wells Fargo & Company upgraded Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research report on Wednesday, January 7th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. 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 report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $14.88.

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.