HRT Financial LP Makes New $739,000 Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Posted by Defense World Staff on Jun 3rd, 2023

HRT Financial LP bought a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 56,179 shares of the investment management company’s stock, valued at approximately $739,000.

Several other large investors have also bought and sold shares of the company. Natixis Advisors L.P. raised its holdings in shares of Golub Capital BDC by 3.5% during the fourth quarter. Natixis Advisors L.P. now owns 579,204 shares of the investment management company’s stock valued at $7,622,000 after purchasing an additional 19,521 shares during the last quarter. MADDEN SECURITIES Corp purchased a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $26,000. Advisors Capital Management LLC raised its holdings in shares of Golub Capital BDC by 9.9% during the third quarter. Advisors Capital Management LLC now owns 368,618 shares of the investment management company’s stock valued at $4,869,000 after purchasing an additional 33,325 shares during the last quarter. Cynosure Management LLC raised its holdings in shares of Golub Capital BDC by 1.3% during the fourth quarter. Cynosure Management LLC now owns 72,363 shares of the investment management company’s stock valued at $952,000 after purchasing an additional 961 shares during the last quarter. Finally, Coastal Bridge Advisors LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at approximately $5,748,000. 42.80% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

GBDC opened at $13.24 on Friday. The firm has a market cap of $2.25 billion, a P/E ratio of 21.02 and a beta of 0.62. Golub Capital BDC, Inc. has a 1-year low of $11.94 and a 1-year high of $14.42. The company has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $13.38. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 2.33.

Golub Capital BDC (NASDAQ:GBDC – Get Rating) last posted its quarterly earnings results on Monday, May 8th. The investment management company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $146.95 million during the quarter, compared to analyst estimates of $148.14 million. Golub Capital BDC had a net margin of 21.55% and a return on equity of 9.76%. During the same period in the prior year, the business posted $0.27 earnings per share. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.67 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Friday, June 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, June 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.97%. Golub Capital BDC’s dividend payout ratio is 209.52%.

Insider Buying and Selling

In related news, Director Anita J. Rival bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average price of $13.02 per share, for a total transaction of $104,160.00. Following the completion of the transaction, the director now owns 69,000 shares in the company, valued at $898,380. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GBDC. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Wells Fargo & Company lowered shares of Golub Capital BDC from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $14.25 to $12.25 in a research report on Tuesday, April 18th. Finally, TheStreet upgraded shares of Golub Capital BDC from a “c” rating to a “b-” rating in a research report on Wednesday, February 8th.

Golub Capital BDC Profile

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Golub Capital BDC operates as a closed-end, non-diversified management investment company. They also offer events presentations, financial reporting, stock information, tax information, and analyst coverage services.

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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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