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

OneAscent Wealth Management LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 421,857 shares of the investment management company’s stock, valued at approximately $6,395,000. Golub Capital BDC comprises approximately 2.6% of OneAscent Wealth Management LLC’s holdings, making the stock its 7th largest position. OneAscent Wealth Management LLC owned 0.16% of Golub Capital BDC at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in shares of Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after purchasing an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in Golub Capital BDC during the fourth quarter worth $160,000. Empowered Funds LLC bought a new position in Golub Capital BDC during the fourth quarter valued at about $173,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Golub Capital BDC in the fourth quarter worth about $179,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

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

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

Golub Capital BDC Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC presently has an average rating of “Hold” and an average 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.