AlphaQuest LLC Grows Stock Holdings in Golub Capital BDC, Inc. $GBDC

AlphaQuest LLC grew its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2,542.0% during the third quarter, Holdings Channel.com reports. The fund owned 128,984 shares of the investment management company’s stock after purchasing an additional 124,102 shares during the quarter. AlphaQuest LLC’s holdings in Golub Capital BDC were worth $1,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Generali Asset Management SPA SGR grew its stake in Golub Capital BDC by 39.6% in the second quarter. Generali Asset Management SPA SGR now owns 2,512,705 shares of the investment management company’s stock worth $36,811,000 after purchasing an additional 712,705 shares in the last quarter. Bank of Montreal Can grew its position in shares of Golub Capital BDC by 211.9% during the 2nd quarter. Bank of Montreal Can now owns 726,187 shares of the investment management company’s stock worth $10,639,000 after buying an additional 493,325 shares in the last quarter. Strs Ohio increased its stake in shares of Golub Capital BDC by 2.9% during the third quarter. Strs Ohio now owns 16,237,782 shares of the investment management company’s stock valued at $222,295,000 after buying an additional 450,126 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Golub Capital BDC in the first quarter valued at about $6,491,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Golub Capital BDC by 36.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,478,390 shares of the investment management company’s stock valued at $20,239,000 after acquiring an additional 397,839 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

GBDC has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Wednesday, January 7th. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Keefe, Bruyette & Woods reduced their price objective 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. Finally, Capital One Financial set a $15.00 target price on Golub Capital BDC in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $14.88.

Golub Capital BDC Trading Down 1.2%

NASDAQ GBDC opened at $13.39 on Friday. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The company has a 50 day moving average price of $13.76 and a 200 day moving average price of $14.14. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. The firm has a market cap of $3.53 billion, a PE ratio of 9.43 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $217.84 million for the quarter, compared to the consensus estimate of $220.54 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were paid a $0.39 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a yield of 11.7%. Golub Capital BDC’s dividend payout ratio (DPR) is 109.86%.

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.