Osbon Capital Management LLC Invests $1.51 Million in Golub Capital BDC, Inc. $GBDC

Osbon Capital Management LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 111,666 shares of the investment management company’s stock, valued at approximately $1,515,000. Golub Capital BDC comprises 1.4% of Osbon Capital Management LLC’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the 3rd quarter worth about $77,000. Clearstead Advisors LLC boosted its holdings in shares of Golub Capital BDC by 48.6% in the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after buying an additional 1,941 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Golub Capital BDC by 104.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after buying an additional 3,287 shares during the period. Allworth Financial LP boosted its holdings in shares of Golub Capital BDC by 213.5% in the third quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after buying an additional 4,680 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $12.35 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. The stock’s 50-day moving average is $13.09 and its two-hundred day moving average is $13.08. The firm has a market cap of $3.22 billion, a P/E ratio of 16.04 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of ($5.28) million for the quarter, compared to analysts’ expectations of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period last year, the business earned $0.30 earnings per share. Analysts predict that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GBDC shares. Royal Bank Of Canada cut their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Zacks Research lowered shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Oppenheimer reissued an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.