Parallel Advisors LLC Sells 76,649 Shares of Golub Capital BDC, Inc. $GBDC

Parallel Advisors LLC reduced its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 35.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 141,065 shares of the investment management company’s stock after selling 76,649 shares during the quarter. Parallel Advisors LLC’s holdings in Golub Capital BDC were worth $1,786,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GBDC. Keel Point LLC lifted its stake in shares of Golub Capital BDC by 2.7% in the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after buying an additional 1,039 shares during the last quarter. Ironsides Asset Advisors LLC grew its stake in Golub Capital BDC by 7.6% in the 4th quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock valued at $214,000 after buying an additional 1,113 shares during the last quarter. Levin Capital Strategies L.P. raised its holdings in Golub Capital BDC by 12.9% in the 1st quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,328 shares during the period. Cetera Investment Advisers raised its holdings in Golub Capital BDC by 1.3% in the 4th quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company’s stock worth $1,443,000 after acquiring an additional 1,361 shares during the period. Finally, Mackenzie Financial Corp lifted its position in Golub Capital BDC by 3.8% during the 3rd quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock worth $585,000 after acquiring an additional 1,557 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 2.0%

Shares of GBDC opened at $13.06 on Friday. The company has a 50-day simple moving average of $12.88 and a 200-day simple moving average of $12.86. The firm has a market capitalization of $3.39 billion, a P/E ratio of 20.09 and a beta of 0.39. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.20 and a current ratio of 1.33. Golub Capital BDC, Inc. has a 52 week low of $11.77 and a 52 week high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The business had revenue of $187.73 million for the quarter, compared to the consensus estimate of $189.91 million. During the same period last year, the business earned $0.39 earnings per share. On average, equities research analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 203.08%.

Analyst Upgrades and Downgrades

GBDC has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Royal Bank Of Canada lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

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.