TrueMark Investments LLC Invests $829,000 in Golub Capital BDC, Inc. $GBDC

TrueMark Investments LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 61,075 shares of the investment management company’s stock, valued at approximately $829,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Golub Capital BDC during the 3rd quarter worth about $33,000. CWM LLC raised its position 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 during the period. Main Street Group LTD acquired a new stake in shares of Golub Capital BDC in the 3rd quarter valued at approximately $51,000. Advisory Services Network LLC bought a new position in Golub Capital BDC during the 3rd quarter worth approximately $77,000. Finally, Farther Finance Advisors LLC bought a new position in Golub Capital BDC during the 3rd quarter worth approximately $78,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

GBDC has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Capital One Financial set a $15.00 price target on shares of Golub Capital BDC in a research report on Thursday, January 15th. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday. Finally, Wells Fargo & Company dropped their price objective on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Buy” and an average price target of $14.38.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $12.26 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 9.81 and a beta of 0.45. The business has a 50 day simple moving average of $12.65 and a 200 day simple moving average of $13.44. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $110.18 million for the quarter, compared to analyst estimates 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 firm posted $0.42 earnings per share. Analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s payout ratio is currently 105.60%.

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.