SCS Capital Management LLC Has $3.59 Million Stock Position in Golub Capital BDC, Inc. $GBDC

SCS Capital Management LLC reduced its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 24.1% in the 4th quarter, Holdings Channel reports. The firm owned 264,231 shares of the investment management company’s stock after selling 83,840 shares during the period. SCS Capital Management LLC’s holdings in Golub Capital BDC were worth $3,586,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Waterloo Capital L.P. increased its holdings in shares of Golub Capital BDC by 2.9% during the fourth quarter. Waterloo Capital L.P. now owns 151,031 shares of the investment management company’s stock worth $2,049,000 after buying an additional 4,240 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after acquiring an additional 3,287 shares during the last quarter. Cary Street Partners Financial LLC boosted its position in Golub Capital BDC by 135.7% during the fourth quarter. Cary Street Partners Financial LLC now owns 50,486 shares of the investment management company’s stock valued at $685,000 after acquiring an additional 29,064 shares during the last quarter. Arnhold LLC boosted its position in shares of Golub Capital BDC by 0.5% during the 4th quarter. Arnhold LLC now owns 1,470,089 shares of the investment management company’s stock worth $19,949,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position 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 purchasing an additional 1,941 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Up 1.5%

Shares of GBDC stock opened at $13.36 on Tuesday. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63. The firm has a market cap of $3.48 billion, a P/E ratio of 17.35 and a beta of 0.39. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The company has a 50 day moving average of $13.00 and a 200-day moving average of $13.16.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data 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). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The business had revenue of ($5.28) million during the quarter, compared to analysts’ expectations of $201.71 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GBDC. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Zacks Research downgraded shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Royal Bank Of Canada decreased their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. 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. Finally, Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.