OneAscent Financial Services LLC Sells 162,482 Shares of Golub Capital BDC, Inc. $GBDC

OneAscent Financial Services LLC trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 92.1% in the 3rd quarter, Holdings Channel reports. The firm owned 13,957 shares of the investment management company’s stock after selling 162,482 shares during the quarter. OneAscent Financial Services LLC’s holdings in Golub Capital BDC were worth $191,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages have recently commented on GBDC. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research report on Thursday, January 15th. Keefe, Bruyette & Woods cut their price target on shares of 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 raised shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price target on the stock in a report on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $14.88.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $13.54 on Thursday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 9.54 and a beta of 0.43. The business has a 50 day moving average of $13.77 and a 200 day moving average of $14.17. 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, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $217.84 million for the quarter, compared to the consensus estimate of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.56 annualized dividend and a yield of 11.5%. 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.