Golub Capital BDC, Inc. $GBDC Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 60.0% in the first quarter, HoldingsChannel.com reports. The fund owned 198,850 shares of the investment management company’s stock after buying an additional 74,580 shares during the period. First Trust Advisors LP’s holdings in Golub Capital BDC were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. NewGen Asset Management Ltd acquired a new position in shares of Golub Capital BDC in the first quarter valued at about $324,000. AlTi Global Inc. purchased a new position in shares of Golub Capital BDC in the first quarter worth about $1,222,000. Next Capital Management LLC lifted its holdings in shares of Golub Capital BDC by 132.3% during the first quarter. Next Capital Management LLC now owns 567,205 shares of the investment management company’s stock worth $7,181,000 after purchasing an additional 322,992 shares during the period. True North Advisors LLC acquired a new stake in shares of Golub Capital BDC during the first quarter worth about $170,000. Finally, Main Street Group LTD purchased a new stake in Golub Capital BDC in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.8%

Shares of NASDAQ:GBDC opened at $13.17 on Friday. The company has a current ratio of 1.33, a quick ratio of 2.20 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $14.93. The business has a 50 day moving average of $12.88 and a two-hundred day moving average of $12.86. The company has a market capitalization of $3.42 billion, a PE ratio of 20.26 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $187.73 million for the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter last year, the company earned $0.39 EPS. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. Golub Capital BDC’s dividend payout ratio is 203.08%.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several research reports. 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. Oppenheimer restated an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Finally, Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus 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.