Quadrature Capital Ltd Has $365,000 Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Quadrature Capital Ltd raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 64.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,188 shares of the investment management company’s stock after purchasing an additional 9,472 shares during the quarter. Quadrature Capital Ltd’s holdings in Golub Capital BDC were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Golub Capital BDC by 1,005.0% during the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 2,000 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake 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 valued at $52,000 after acquiring an additional 1,508 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $151,000. Latitude Advisors LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $152,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $156,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

GBDC stock opened at $15.74 on Tuesday. The company has a 50 day moving average price of $16.42 and a 200 day moving average price of $15.91. The stock has a market capitalization of $2.70 billion, a PE ratio of 7.75 and a beta of 0.53. Golub Capital BDC, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, May 6th. The investment management company reported $0.51 EPS 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%. Analysts forecast that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

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

Insider Activity

In other news, Chairman Lawrence E. Golub purchased 62,267 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the acquisition, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at $20,378,212.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Lawrence E. Golub bought 62,267 shares of Golub Capital BDC stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average cost of $16.06 per share, with a total value of $1,000,008.02. Following the purchase, the chairman now owns 1,268,880 shares in the company, valued at $20,378,212.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Golub bought 450,000 shares of Golub Capital BDC stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the purchase, the chief executive officer now owns 1,718,880 shares in the company, valued at approximately $27,553,646.40. The disclosure for this purchase can be found here. Insiders bought 601,015 shares of company stock valued at $9,636,138 in the last quarter. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GBDC. 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 research note on Monday, March 25th. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Raymond James cut shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $16.40.

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.