Sumitomo Mitsui Asset Management Company LTD Has $4.34 Million Stake in Golub Capital BDC, Inc. (GBDC)

Sumitomo Mitsui Asset Management Company LTD boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 227,014 shares of the investment management company’s stock after buying an additional 14,799 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Golub Capital BDC were worth $4,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Management Co. LLC boosted its position in shares of Golub Capital BDC by 50.4% in the first quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock valued at $134,000 after buying an additional 2,254 shares during the last quarter. IHT Wealth Management LLC increased its stake in Golub Capital BDC by 22.7% in the first quarter. IHT Wealth Management LLC now owns 12,420 shares of the investment management company’s stock valued at $246,000 after buying an additional 2,300 shares during the period. Evanson Asset Management LLC acquired a new stake in Golub Capital BDC during the second quarter valued at approximately $297,000. Massey Quick & Co. LLC increased its stake in Golub Capital BDC by 2.5% in the first quarter. Massey Quick & Co. LLC now owns 15,275 shares of the investment management company’s stock valued at $304,000 after buying an additional 375 shares during the period. Finally, Sigma Planning Corp acquired a new stake in Golub Capital BDC during the first quarter valued at approximately $327,000. Institutional investors own 45.35% of the company’s stock.

Golub Capital BDC, Inc. (GBDC) opened at 18.97 on Friday. The firm’s 50-day moving average is $19.36 and its 200-day moving average is $19.52. Golub Capital BDC, Inc. has a 12 month low of $17.34 and a 12 month high of $20.50.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, August 7th. The investment management company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Golub Capital BDC had a net margin of 53.62% and a return on equity of 7.86%. The business had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $35.11 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Golub Capital BDC, Inc. will post $1.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.75%. The ex-dividend date is Friday, September 1st. Golub Capital BDC’s dividend payout ratio (DPR) is presently 96.24%.

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Several analysts recently commented on GBDC shares. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Golub Capital BDC in a research report on Wednesday, May 10th. They noted that the move was a valuation call. National Securities restated a “neutral” rating and set a $19.00 price objective (up previously from $10.00) on shares of Golub Capital BDC in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. BidaskClub upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $19.50 price objective on shares of Golub Capital BDC in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.60.

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.

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

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