First Affirmative Financial Network Invests $173,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

First Affirmative Financial Network bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,420 shares of the investment management company’s stock, valued at approximately $173,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in Golub Capital BDC by 3.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,545,571 shares of the investment management company’s stock worth $38,438,000 after acquiring an additional 77,128 shares during the period. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 8.7% during the fourth quarter. Van ECK Associates Corp now owns 2,472,926 shares of the investment management company’s stock worth $37,341,000 after acquiring an additional 197,681 shares in the last quarter. Sage Mountain Advisors LLC boosted its holdings in shares of Golub Capital BDC by 5.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,172,722 shares of the investment management company’s stock worth $32,808,000 after acquiring an additional 106,411 shares during the period. Cerity Partners LLC raised its stake in shares of Golub Capital BDC by 4,797.5% during the 4th quarter. Cerity Partners LLC now owns 1,740,391 shares of the investment management company’s stock valued at $26,280,000 after purchasing an additional 1,704,855 shares during the period. Finally, LSV Asset Management boosted its stake in Golub Capital BDC by 0.9% in the 4th quarter. LSV Asset Management now owns 1,203,641 shares of the investment management company’s stock worth $18,175,000 after purchasing an additional 10,555 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Lawrence E. Golub purchased 88,748 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average price of $16.03 per share, for a total transaction of $1,422,630.44. Following the purchase, the chairman now directly owns 1,357,628 shares in the company, valued at $21,762,776.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Lawrence E. Golub purchased 88,748 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average price of $16.03 per share, for a total transaction of $1,422,630.44. Following the acquisition, the chairman now directly owns 1,357,628 shares of the company’s stock, valued at approximately $21,762,776.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Golub acquired 450,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,718,880 shares in the company, valued at $27,553,646.40. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 601,015 shares of company stock worth $9,636,138. 2.70% of the stock is owned by insiders.

Golub Capital BDC Stock Down 0.4 %

GBDC stock opened at $15.52 on Friday. The business’s 50-day moving average is $16.44 and its two-hundred day moving average is $15.90. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 7.65 and a beta of 0.53. Golub Capital BDC, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $17.72. 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 (NASDAQ:GBDC) last issued its quarterly earnings results 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 firm had revenue of $164.23 million for the quarter, compared to analysts’ expectations of $163.61 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GBDC. StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Raymond James lowered shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Bank of America upgraded Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC 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.