Virtus ETF Advisers LLC purchased a new position in shares of Golub Capital BDC Inc (NASDAQ:GBDC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 165,841 shares of the investment management company’s stock, valued at approximately $2,952,000. Virtus ETF Advisers LLC owned about 0.27% of Golub Capital BDC as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in GBDC. Bank of America Corp DE boosted its holdings in Golub Capital BDC by 68.5% during the fourth quarter. Bank of America Corp DE now owns 49,217 shares of the investment management company’s stock worth $812,000 after purchasing an additional 20,014 shares during the last quarter. Heritage Wealth Advisors purchased a new position in Golub Capital BDC during the first quarter worth about $25,000. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Golub Capital BDC by 7.9% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 181,536 shares of the investment management company’s stock worth $3,245,000 after purchasing an additional 13,235 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Golub Capital BDC by 16.6% during the first quarter. Stratos Wealth Partners LTD. now owns 37,343 shares of the investment management company’s stock worth $668,000 after purchasing an additional 5,321 shares during the last quarter. Finally, Delphi Financial Group Inc. purchased a new position in Golub Capital BDC during the first quarter worth about $999,000. Institutional investors and hedge funds own 35.94% of the company’s stock.
Several research firms recently weighed in on GBDC. BidaskClub cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research lowered shares of Golub Capital BDC from a “buy” rating to a “sell” rating in a research report on Wednesday.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $42.11 million for the quarter, compared to analyst estimates of $41.48 million. Golub Capital BDC had a net margin of 43.56% and a return on equity of 8.10%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Equities analysts anticipate that Golub Capital BDC Inc will post 1.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, August 19th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Friday, August 16th. Golub Capital BDC’s dividend payout ratio is 99.22%.
Golub Capital BDC Company 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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