Massey Quick Simon & CO. LLC Lowers Position in Golub Capital BDC Inc (NASDAQ:GBDC)

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Massey Quick Simon & CO. LLC trimmed its stake in Golub Capital BDC Inc (NASDAQ:GBDC) by 5.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,887 shares of the investment management company’s stock after selling 6,402 shares during the quarter. Golub Capital BDC comprises 0.9% of Massey Quick Simon & CO. LLC’s portfolio, making the stock its 23rd largest position. Massey Quick Simon & CO. LLC’s holdings in Golub Capital BDC were worth $2,051,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Golub Capital BDC by 4.1% during the second quarter. Wells Fargo & Company MN now owns 1,505,519 shares of the investment management company’s stock valued at $26,798,000 after buying an additional 59,942 shares in the last quarter. Sound Income Strategies LLC lifted its position in Golub Capital BDC by 19.2% during the third quarter. Sound Income Strategies LLC now owns 1,181,477 shares of the investment management company’s stock valued at $22,259,000 after buying an additional 190,401 shares in the last quarter. Schroder Investment Management Group lifted its position in Golub Capital BDC by 0.4% during the second quarter. Schroder Investment Management Group now owns 1,031,863 shares of the investment management company’s stock valued at $18,367,000 after buying an additional 3,749 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in Golub Capital BDC by 1.9% during the second quarter. OMERS ADMINISTRATION Corp now owns 740,480 shares of the investment management company’s stock valued at $13,359,000 after buying an additional 13,586 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in Golub Capital BDC by 0.6% during the third quarter. Confluence Investment Management LLC now owns 650,876 shares of the investment management company’s stock valued at $12,262,000 after buying an additional 3,585 shares in the last quarter. Hedge funds and other institutional investors own 36.15% of the company’s stock.

A number of research analysts have weighed in on GBDC shares. BidaskClub cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Zacks Investment Research raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd.

Shares of NASDAQ GBDC traded up $0.01 during trading on Wednesday, reaching $17.92. 8,859 shares of the stock were exchanged, compared to its average volume of 510,055. The business’s 50-day moving average price is $18.47 and its 200 day moving average price is $18.11. Golub Capital BDC Inc has a twelve month low of $16.21 and a twelve month high of $19.38. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 6.88 and a beta of 0.56.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, August 7th. The investment management company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Golub Capital BDC had a net margin of 43.56% and a return on equity of 8.10%. The business had revenue of $42.11 million for the quarter, compared to analysts’ expectations of $41.48 million. During the same period in the previous year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that Golub Capital BDC Inc will post 1.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 19th were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.14%. Golub Capital BDC’s payout ratio is currently 99.22%.

About Golub Capital BDC

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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

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