OneAscent Financial Services LLC Purchases New Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC)

OneAscent Financial Services LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 400,729 shares of the investment management company’s stock, valued at approximately $6,075,000.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in shares of Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after acquiring an additional 533,895 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Golub Capital BDC by 6.0% during the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after purchasing an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc lifted its holdings in shares of Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after buying an additional 544,126 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Golub Capital BDC by 38.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after buying an additional 701,594 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Golub Capital BDC by 2.1% in the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock worth $36,169,000 after buying an additional 49,519 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 0.5 %

Shares of NASDAQ GBDC opened at $15.21 on Wednesday. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a market cap of $4.04 billion, a P/E ratio of 11.02 and a beta of 0.50. The firm has a 50 day moving average price of $15.39 and a 200 day moving average price of $15.28.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is currently 113.04%.

Analyst Ratings Changes

Separately, StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Golub Capital BDC has an average rating of “Hold” and an average price target of $16.17.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) 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.