OneAscent Wealth Management LLC Invests $6.40 Million in Golub Capital BDC, Inc. (NASDAQ:GBDC)

OneAscent Wealth Management LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 portfolio, making the stock its 7th biggest position. OneAscent Wealth Management LLC owned 0.16% of Golub Capital BDC as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GBDC. Blue Trust Inc. boosted 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 acquiring an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after purchasing an additional 827 shares during the period. Cornerstone Wealth Management LLC purchased a new position in Golub Capital BDC in the 4th quarter worth about $160,000. Empowered Funds LLC acquired a new stake in Golub Capital BDC during the 4th quarter worth about $173,000. Finally, Avantax Advisory Services Inc. purchased a new stake in Golub Capital BDC during the fourth quarter valued at about $179,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Down 0.4 %

Golub Capital BDC stock traded down $0.06 during mid-day trading on Wednesday, hitting $15.15. The company's stock had a trading volume of 324,436 shares, compared to its average volume of 1,312,611. 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 52-week low of $14.05 and a 52-week high of $17.72. The firm's 50 day moving average is $15.39 and its 200 day moving average is $15.28. The company has a market cap of $4.02 billion, a PE ratio of 10.98 and a beta of 0.50.

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Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (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%. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is currently 113.04%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.17.

About Golub Capital BDC

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.