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JPMorgan Chase & Co. Cuts Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Defense World · Sep 2, 2022 05:01

JPMorgan Chase & Co. decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) by 1.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,334,645 shares of the investment management company's stock after selling 39,653 shares during the period. JPMorgan Chase & Co. owned about 1.37% of Golub Capital BDC worth $35,510,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GBDC. Clearstead Advisors LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at about $30,000. Horan Securities Inc. acquired a new stake in shares of Golub Capital BDC in the first quarter valued at about $41,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at about $43,000. Montag A & Associates Inc. acquired a new stake in shares of Golub Capital BDC in the fourth quarter valued at about $100,000. Finally, Grimes & Company Inc. acquired a new stake in shares of Golub Capital BDC in the first quarter valued at about $160,000. Institutional investors and hedge funds own 42.64% of the company's stock.

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Golub Capital BDC Stock Performance

GBDC opened at $13.36 on Friday. The firm has a market capitalization of $2.28 billion, a PE ratio of 10.52 and a beta of 0.59. Golub Capital BDC, Inc. has a twelve month low of $12.62 and a twelve month high of $16.23. The firm's 50-day moving average price is $13.73 and its 200 day moving average price is $14.41. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.21.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 8.98%. Golub Capital BDC's payout ratio is presently 94.49%.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Golub Capital BDC from a "b-" rating to a "c" rating in a research report on Wednesday, June 1st.

Insider Buying and Selling

In other news, Director Anita J. Rival bought 10,000 shares of the firm's stock in a transaction on Friday, August 26th. The shares were bought at an average cost of $13.91 per share, for a total transaction of $139,100.00. Following the acquisition, the director now directly owns 61,000 shares of the company's stock, valued at approximately $848,510. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is currently owned by company insiders.

Golub Capital BDC Company Profile

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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.