Compass Financial Management LLC Makes New $559,000 Investment in Golub Capital BDC, Inc. $GBDC

Compass Financial Management LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 42,750 shares of the investment management company’s stock, valued at approximately $559,000.

Several other large investors have also modified their holdings of the stock. Strs Ohio boosted its position in shares of Golub Capital BDC by 2.6% in the first quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock worth $216,999,000 after acquiring an additional 435,772 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Golub Capital BDC by 53.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after acquiring an additional 1,368,759 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Golub Capital BDC by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock worth $52,430,000 after purchasing an additional 207,998 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Golub Capital BDC by 4.1% in the 1st quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company’s stock worth $46,882,000 after purchasing an additional 147,734 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of Golub Capital BDC by 17.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,559,646 shares of the investment management company’s stock valued at $45,065,000 after purchasing an additional 540,498 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GBDC has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Royal Bank Of Canada dropped 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. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, 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 research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $13.20 on Monday. The firm has a 50-day moving average of $12.89 and a two-hundred day moving average of $12.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $3.43 billion, a P/E ratio of 20.31 and a beta of 0.39. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) 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 $98.53 million for the quarter, compared to analyst estimates of $189.91 million. During the same period in the previous year, the company earned $0.39 earnings per share. On average, research analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

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

Insider Activity

In other news, Director Lawrence E. Golub sold 1,676,387 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

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.