Onyx Bridge Wealth Group LLC Has $939,000 Holdings in Golub Capital BDC, Inc. $GBDC

Onyx Bridge Wealth Group LLC decreased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 41.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,205 shares of the investment management company’s stock after selling 52,850 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Golub Capital BDC were worth $939,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Golub Capital BDC in the 3rd quarter valued at about $77,000. Clearstead Advisors LLC lifted its holdings in shares of Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after acquiring an additional 1,941 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Golub Capital BDC by 104.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after acquiring an additional 3,287 shares during the period. Allworth Financial LP boosted its position in shares of Golub Capital BDC by 213.5% during the 3rd quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after acquiring an additional 4,680 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Golub Capital BDC during the 4th quarter worth approximately $109,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Up 1.5%

Shares of Golub Capital BDC stock opened at $12.59 on Friday. The firm has a market capitalization of $3.28 billion, a PE ratio of 16.35 and a beta of 0.39. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The firm’s 50 day moving average is $13.04 and its 200 day moving average is $13.02. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. During the same period in the previous year, the company earned $0.30 EPS. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.5%. Golub Capital BDC’s dividend payout ratio is 171.43%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer restated an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday. Royal Bank Of Canada lowered their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Zacks Research downgraded Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.