Confluence Investment Management LLC decreased its position in shares of Golub Capital BDC Inc (NASDAQ:GBDC) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 684,705 shares of the investment management company’s stock after selling 2,833 shares during the period. Confluence Investment Management LLC’s holdings in Golub Capital BDC were worth $12,243,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC bought a new stake in shares of Golub Capital BDC during the fourth quarter valued at approximately $27,000. Northern Oak Wealth Management Inc. purchased a new position in shares of Golub Capital BDC in the fourth quarter valued at $76,000. Sontag Advisory LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter valued at $90,000. Next Capital Management LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter valued at $115,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of Golub Capital BDC in the third quarter valued at $158,000. Institutional investors own 39.64% of the company’s stock.
GBDC stock opened at $18.28 on Wednesday. Golub Capital BDC Inc has a fifty-two week low of $16.21 and a fifty-two week high of $19.89. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $1.10 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 7.00 and a beta of 0.65.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 6th. The investment management company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Golub Capital BDC had a net margin of 50.99% and a return on equity of 8.03%. The firm had revenue of $39.41 million during the quarter, compared to analyst estimates of $39.39 million. During the same period last year, the firm posted $0.32 earnings per share. Analysts predict that Golub Capital BDC Inc will post 1.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date was Wednesday, March 6th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 99.22%.
A number of research analysts recently weighed in on GBDC shares. BidaskClub raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Finally, National Securities reissued a “buy” rating and issued a $22.00 target price on shares of Golub Capital BDC in a report on Monday, February 11th.
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Golub Capital BDC Profile
Golub Capital BDC, Inc is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The company seeks to invest in the United States.
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