JPMorgan Chase & Co. Acquires 125,881 Shares of Golub Capital BDC, Inc. $GBDC

JPMorgan Chase & Co. lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,548,553 shares of the investment management company’s stock after purchasing an additional 125,881 shares during the period. JPMorgan Chase & Co.’s holdings in Golub Capital BDC were worth $34,890,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in GBDC. Royal Bank of Canada raised its position in Golub Capital BDC by 41.4% in the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after acquiring an additional 38,534 shares during the period. NewEdge Advisors LLC increased its stake in shares of Golub Capital BDC by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after purchasing an additional 7,178 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Golub Capital BDC by 140.0% in the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after purchasing an additional 15,988 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Golub Capital BDC in the first quarter valued at approximately $6,491,000. Finally, Focus Partners Wealth lifted its stake in Golub Capital BDC by 24.9% in the first quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock valued at $505,000 after purchasing an additional 6,658 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Capital One Financial set a $15.00 price target on shares of Golub Capital BDC in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Stock Down 2.2%

GBDC stock opened at $11.99 on Friday. Golub Capital BDC, Inc. has a twelve month low of $11.95 and a twelve month high of $15.74. The firm has a market capitalization of $3.16 billion, a PE ratio of 9.59 and a beta of 0.43. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The stock has a 50-day simple moving average of $13.17 and a two-hundred day simple moving average of $13.79.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 11.0%. Golub Capital BDC’s dividend payout ratio is presently 124.80%.

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.