The Thrivent Financial for Lutherans Has $5,517,000 Position in Golub Capital BDC, Inc. (GBDC)

The Thrivent Financial for Lutherans Has $5,517,000 Position in Golub Capital BDC, Inc. (GBDC)

Thrivent Financial for Lutherans maintained its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the fourth quarter, according to its most recent filing with the SEC. The fund owned 300,000 shares of the investment management company’s stock at the end of the fourth quarter. Thrivent Financial for Lutherans’ holdings in Golub Capital BDC were worth $5,517,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GBDC. Confluence Investment Management LLC boosted its stake in Golub Capital BDC by 0.6% in the third quarter. Confluence Investment Management LLC now owns 785,122 shares of the investment management company’s stock valued at $14,580,000 after buying an additional 4,737 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Golub Capital BDC by 89.5% in the third quarter. Stratos Wealth Partners LTD. now owns 79,240 shares of the investment management company’s stock valued at $1,471,000 after buying an additional 37,420 shares during the period. Advisors Asset Management Inc. boosted its stake in Golub Capital BDC by 29.8% in the third quarter. Advisors Asset Management Inc. now owns 265,566 shares of the investment management company’s stock valued at $4,932,000 after buying an additional 60,897 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Golub Capital BDC by 23.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 47,582 shares of the investment management company’s stock valued at $883,000 after buying an additional 9,145 shares during the period. Finally, Muzinich & Co. Inc. boosted its stake in Golub Capital BDC by 91.8% in the third quarter. Muzinich & Co. Inc. now owns 1,114,602 shares of the investment management company’s stock valued at $20,698,000 after buying an additional 533,414 shares during the period. Institutional investors own 43.37% of the company’s stock.

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) traded down 0.21% during trading on Monday, hitting $19.06. 86,711 shares of the stock were exchanged. Golub Capital BDC, Inc. has a 12-month low of $16.60 and a 12-month high of $19.76. The stock has a 50-day moving average of $18.85 and a 200 day moving average of $18.57.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, February 8th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business earned $33.85 million during the quarter, compared to analyst estimates of $35.22 million. Golub Capital BDC had a net margin of 51.48% and a return on equity of 7.91%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Equities analysts forecast that Golub Capital BDC, Inc. will post $1.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Tuesday, March 7th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.70%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 100.79%.

Several analysts have recently commented on the stock. National Securities restated a “neutral” rating and issued a $18.00 target price on shares of Golub Capital BDC in a research note on Monday, February 13th. Zacks Investment Research cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Friday, February 10th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Golub Capital BDC in a research note on Friday, February 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.83.

In other Golub Capital BDC news, CEO David Golub sold 955,896 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $18.52, for a total transaction of $17,703,193.92. Following the completion of the sale, the chief executive officer now owns 100,312 shares in the company, valued at $1,857,778.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Thomas Baily bought 5,500 shares of the stock in a transaction on Monday, December 19th. The shares were acquired at an average price of $18.14 per share, with a total value of $99,770.00. Following the purchase, the director now owns 29,072 shares of the company’s stock, valued at $527,366.08. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

About Golub Capital BDC

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

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