Strs Ohio Has $292.88 Million Position in Golub Capital BDC Inc (NASDAQ:GBDC)

Strs Ohio lifted its stake in shares of Golub Capital BDC Inc (NASDAQ:GBDC) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,870,054 shares of the investment management company’s stock after buying an additional 403,046 shares during the period. Golub Capital BDC makes up 1.2% of Strs Ohio’s investment portfolio, making the stock its 7th biggest position. Strs Ohio owned approximately 0.12% of Golub Capital BDC worth $292,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware increased its stake in Golub Capital BDC by 20.8% in the fourth quarter. Mckinley Capital Management LLC Delaware now owns 253,713 shares of the investment management company’s stock valued at $4,683,000 after acquiring an additional 43,615 shares during the last quarter. Evanson Asset Management LLC raised its stake in Golub Capital BDC by 95.1% during the fourth quarter. Evanson Asset Management LLC now owns 30,273 shares of the investment management company’s stock worth $559,000 after acquiring an additional 14,758 shares in the last quarter. Advisors Capital Management LLC raised its stake in Golub Capital BDC by 5.6% during the fourth quarter. Advisors Capital Management LLC now owns 269,567 shares of the investment management company’s stock worth $4,975,000 after acquiring an additional 14,375 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Golub Capital BDC by 24.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 170,633 shares of the investment management company’s stock worth $3,116,000 after acquiring an additional 33,326 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Golub Capital BDC by 15.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,358,518 shares of the investment management company’s stock worth $25,071,000 after acquiring an additional 177,041 shares during the last quarter. Institutional investors own 32.05% of the company’s stock.

In other news, major shareholder Ohio Strs bought 403,046 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $17.60 per share, for a total transaction of $7,093,609.60. Following the completion of the transaction, the insider now owns 15,870,054 shares of the company’s stock, valued at $279,312,950.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 4.80% of the stock is currently owned by company insiders.

Shares of GBDC traded down $0.02 during trading hours on Friday, reaching $18.45. The stock had a trading volume of 15,809 shares, compared to its average volume of 606,161. Golub Capital BDC Inc has a 12 month low of $17.00 and a 12 month high of $19.14. The stock has a market capitalization of $2.45 billion, a PE ratio of -184.50, a PEG ratio of 6.90 and a beta of 0.54. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.91 and a current ratio of 1.91. The company’s 50-day moving average is $18.28 and its two-hundred day moving average is $18.22.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, November 25th. The investment management company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $48.98 million for the quarter, compared to the consensus estimate of $53.23 million. Golub Capital BDC had a positive return on equity of 6.51% and a negative net margin of 10.78%. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that Golub Capital BDC Inc will post 1.34 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were issued a $0.33 dividend. The ex-dividend date was Wednesday, December 11th. Golub Capital BDC’s payout ratio is presently 103.94%.

GBDC has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. TheStreet cut shares of Golub Capital BDC from a “b-” rating to a “c” rating in a research report on Wednesday, November 27th. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods raised shares of Golub Capital BDC from a “market perform” rating to an “outperform” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Golub Capital BDC currently has an average rating of “Buy” and an average target price of $21.50.

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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