400,729 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 400,729 shares of the investment management company’s stock, valued at approximately $6,075,000. OneAscent Financial Services LLC owned about 0.15% of Golub Capital BDC as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GBDC. Citigroup Inc. raised its stake in shares of Golub Capital BDC by 1.7% during the 3rd quarter. Citigroup Inc. now owns 342,728 shares of the investment management company’s stock worth $5,179,000 after buying an additional 5,612 shares during the last quarter. Bank of Montreal Can acquired a new position in Golub Capital BDC during the third quarter worth about $3,486,000. The Manufacturers Life Insurance Company raised its position in Golub Capital BDC by 70.0% during the third quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company’s stock worth $909,000 after acquiring an additional 24,780 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Golub Capital BDC by 517.9% in the third quarter. BNP Paribas Financial Markets now owns 86,043 shares of the investment management company’s stock valued at $1,300,000 after purchasing an additional 72,117 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of Golub Capital BDC in the third quarter valued at approximately $361,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.21 on Wednesday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 11.02 and a beta of 0.50. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $15.39 and its two-hundred day moving average is $15.28. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

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

Golub Capital BDC Announces Dividend

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

Analysts Set New Price Targets

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