Golub Capital BDC, Inc. (NASDAQ:GBDC) Position Boosted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,575 shares of the investment management company’s stock after purchasing an additional 771 shares during the period. Chicago Partners Investment Group LLC’s holdings in Golub Capital BDC were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GBDC. Private Trust Co. NA boosted its holdings in shares of Golub Capital BDC by 1,005.0% in the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after buying an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Golub Capital BDC by 77.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock worth $52,000 after buying an additional 1,508 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Golub Capital BDC in the fourth quarter worth about $151,000. Latitude Advisors LLC acquired a new position in shares of Golub Capital BDC in the fourth quarter worth about $152,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Golub Capital BDC in the fourth quarter worth about $156,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GBDC shares. Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, March 25th. Raymond James cut shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Stock Performance

GBDC stock opened at $15.74 on Tuesday. The stock has a market cap of $2.70 billion, a P/E ratio of 7.75 and a beta of 0.53. The firm has a 50 day simple moving average of $16.53 and a 200 day simple moving average of $15.89. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29. Golub Capital BDC, Inc. has a 52 week low of $13.16 and a 52 week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, May 6th. The investment management company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $164.23 million for the quarter, compared to the consensus estimate of $163.61 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 16th. Golub Capital BDC’s payout ratio is presently 76.85%.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, CEO David Golub acquired 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the transaction, the chief executive officer now owns 1,718,880 shares in the company, valued at $27,553,646.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO David Golub purchased 450,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,718,880 shares in the company, valued at approximately $27,553,646.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Lawrence E. Golub purchased 62,267 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $16.06 per share, for a total transaction of $1,000,008.02. Following the transaction, the chairman now owns 1,268,880 shares of the company’s stock, valued at $20,378,212.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 601,015 shares of company stock valued at $9,636,138. 0.01% of the stock is currently owned by corporate insiders.

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.