Bank of America Corp DE Acquires 12,332 Shares of Golub Capital BDC Inc (NASDAQ:GBDC)

Bank of America Corp DE raised its holdings in Golub Capital BDC Inc (NASDAQ:GBDC) by 17.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,460 shares of the investment management company’s stock after buying an additional 12,332 shares during the quarter. Bank of America Corp DE owned 0.14% of Golub Capital BDC worth $1,467,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Arlington Partners LLC bought a new stake in Golub Capital BDC in the 2nd quarter valued at $36,000. Parallel Advisors LLC bought a new stake in Golub Capital BDC in the 2nd quarter valued at $41,000. Aperio Group LLC bought a new stake in Golub Capital BDC in the 2nd quarter valued at $108,000. Sigma Planning Corp increased its holdings in Golub Capital BDC by 12.5% in the 2nd quarter. Sigma Planning Corp now owns 11,727 shares of the investment management company’s stock valued at $209,000 after buying an additional 1,306 shares during the period. Finally, IFG Advisory LLC increased its holdings in Golub Capital BDC by 10.9% in the 2nd quarter. IFG Advisory LLC now owns 12,484 shares of the investment management company’s stock valued at $222,000 after buying an additional 1,224 shares during the period. 36.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:GBDC opened at $17.88 on Friday. Golub Capital BDC Inc has a 52 week low of $16.21 and a 52 week high of $19.38. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.76 and a current ratio of 3.76. The company’s fifty day moving average is $18.35 and its 200-day moving average is $18.11. The company has a market capitalization of $1.08 billion, a PE ratio of 13.86, a P/E/G ratio of 6.79 and a beta of 0.56.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Wednesday, August 7th. The investment management company reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 43.56% and a return on equity of 8.10%. The company had revenue of $42.11 million for the quarter, compared to the consensus estimate of $41.48 million. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts forecast that Golub Capital BDC Inc will post 1.29 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 19th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.28 annualized dividend and a dividend yield of 7.16%. Golub Capital BDC’s dividend payout ratio is presently 99.22%.

GBDC has been the topic of several analyst reports. BidaskClub lowered shares of Golub Capital BDC from a “sell” rating to a “strong sell” rating in a report on Friday, October 18th. Zacks Investment Research upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd.

About Golub Capital BDC

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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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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