Corient Private Wealth LP Buys Shares of 3,946,679 Golub Capital BDC, Inc. $GBDC

Corient Private Wealth LP purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,946,679 shares of the investment management company’s stock, valued at approximately $50,833,000. Corient Private Wealth LP owned about 1.52% of Golub Capital BDC at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio grew its stake 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 purchasing an additional 435,772 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 1,368,759 shares during the last quarter. Bank of America Corp DE lifted its holdings in Golub Capital BDC by 5.7% during 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 buying an additional 207,998 shares during the period. Sound Income Strategies LLC lifted its holdings in Golub Capital BDC by 4.1% during 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 buying an additional 147,734 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in Golub Capital BDC during the 2nd quarter worth about $47,015,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced 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. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, August 5th. One research 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 MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $13.07 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm’s fifty day simple moving average is $12.93 and its two-hundred day simple moving average is $12.84. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93. The stock has a market capitalization of $3.39 billion, a P/E ratio of 20.11 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same period last year, the company posted $0.39 EPS. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is presently 203.08%.

Golub Capital BDC Company 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.