OneAscent Wealth Management LLC Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

OneAscent Wealth Management LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 421,857 shares of the investment management company’s stock, valued at approximately $6,395,000. Golub Capital BDC makes up 2.6% of OneAscent Wealth Management LLC’s portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in Golub Capital BDC by 1.7% during the third quarter. Citigroup Inc. now owns 342,728 shares of the investment management company’s stock valued at $5,179,000 after purchasing an additional 5,612 shares in the last quarter. Bank of Montreal Can acquired a new stake in Golub Capital BDC in the 3rd quarter valued at $3,486,000. The Manufacturers Life Insurance Company grew its position in Golub Capital BDC by 70.0% in the third quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company’s stock valued at $909,000 after acquiring an additional 24,780 shares during the period. D.A. Davidson & CO. raised its stake in Golub Capital BDC by 12.6% during the third quarter. D.A. Davidson & CO. now owns 251,132 shares of the investment management company’s stock worth $3,795,000 after acquiring an additional 28,031 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Golub Capital BDC by 517.9% during 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 acquiring an additional 72,117 shares during the period. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $15.25 on Friday. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The stock has a market capitalization of $4.05 billion, a PE ratio of 11.05 and a beta of 0.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock’s fifty day moving average is $15.40 and its 200-day moving average is $15.27.

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

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.23%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is presently 113.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.17.

Golub Capital BDC Company Profile

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.