Trade Report: Today, UBS Asset Management Americas Inc. decides to keep it stake in Golub Capital BDC Inc. (GBDC) to the level of $1,024,000

Today, UBS Asset Management Americas Inc. decides to keep it stake in Golub Capital BDC Inc. (GBDC) to the level of $1,024,000

UBS Asset Management Americas Inc. lowered its stake in Golub Capital BDC Inc. (NASDAQ:GBDC) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,661 shares of the investment management company’s stock after selling 31,370 shares during the period. UBS Asset Management Americas Inc.’s holdings in Golub Capital BDC were worth $1,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GBDC. California Public Employees Retirement System raised its stake in Golub Capital BDC by 15.3% in the second quarter. California Public Employees Retirement System now owns 12,800 shares of the investment management company’s stock valued at $231,000 after buying an additional 1,700 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Golub Capital BDC by 5.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,513 shares of the investment management company’s stock valued at $262,000 after buying an additional 724 shares during the period. JPMorgan Chase & Co. raised its stake in Golub Capital BDC by 349.0% in the second quarter. JPMorgan Chase & Co. now owns 15,770 shares of the investment management company’s stock valued at $285,000 after buying an additional 12,258 shares during the period. Front Barnett Associates LLC raised its stake in Golub Capital BDC by 1.8% in the second quarter. Front Barnett Associates LLC now owns 17,155 shares of the investment management company’s stock valued at $310,000 after buying an additional 300 shares during the period. Finally, M&T Bank Corp raised its stake in Golub Capital BDC by 0.8% in the second quarter. M&T Bank Corp now owns 19,460 shares of the investment management company’s stock valued at $352,000 after buying an additional 160 shares during the period. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Inc. (NASDAQ:GBDC) opened at 18.45 on Tuesday. Golub Capital BDC Inc. has a 1-year low of $14.80 and a 1-year high of $19.76. The company has a 50 day moving average of $18.67 and a 200 day moving average of $18.06.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.75% and a net margin of 57.18%. The business had revenue of $32.10 million for the quarter, compared to analysts’ expectations of $33.01 million. During the same period last year, the business earned $0.36 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that Golub Capital BDC Inc. will post $1.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Monday, September 5th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend was Wednesday, August 31st. Golub Capital BDC’s dividend payout ratio (DPR) is presently 90.78%.

Several research firms have commented on GBDC. Zacks Investment Research upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Janney Montgomery Scott began coverage on shares of Golub Capital BDC in a report on Tuesday, September 20th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, TheStreet upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Golub Capital BDC has an average rating of “Hold” and an average price target of $17.83.

In related news, Director John Thomas Baily acquired 8,250 shares of the company’s stock in a transaction on Monday, August 15th. The shares were acquired at an average cost of $18.35 per share, for a total transaction of $151,387.50. Following the purchase, the director now owns 23,179 shares in the company, valued at $425,334.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.

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