Prairiewood Capital LLC Acquires 64,703 Shares of Golub Capital BDC, Inc. $GBDC

Prairiewood Capital LLC grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 521,431 shares of the investment management company’s stock after buying an additional 64,703 shares during the quarter. Golub Capital BDC accounts for about 1.9% of Prairiewood Capital LLC’s holdings, making the stock its 16th biggest position. Prairiewood Capital LLC owned approximately 0.20% of Golub Capital BDC worth $6,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lalia Capital LLC purchased a new stake in Golub Capital BDC in the 4th quarter valued at $33,642,000. JPMorgan Chase & Co. boosted its holdings in Golub Capital BDC by 53.7% during the 4th 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. Rivernorth Capital Management LLC boosted its holdings in Golub Capital BDC by 226.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock worth $23,270,000 after acquiring an additional 1,189,706 shares during the last quarter. UBS Group AG grew its stake in shares of Golub Capital BDC by 29.4% in the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock worth $38,875,000 after acquiring an additional 651,110 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in shares of Golub Capital BDC by 24.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 3,019,148 shares of the investment management company’s stock worth $40,970,000 after acquiring an additional 597,918 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GBDC. Royal Bank Of Canada dropped 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 research report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. 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. Zacks Research lowered shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. 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 equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $12.35 on Friday. The firm has a market cap of $3.22 billion, a PE ratio of 16.04 and a beta of 0.39. The stock’s fifty day moving average price is $13.09 and its two-hundred day moving average price is $13.08. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. 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 posted its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The firm had revenue of ($5.28) million for the quarter, compared to the consensus estimate of $201.71 million. During the same quarter in the previous year, the company posted $0.30 EPS. On average, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 10.7%. Golub Capital BDC’s dividend payout ratio is 171.43%.

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.