MQS Management LLC Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

MQS Management LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,632 shares of the investment management company’s stock, valued at approximately $575,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. boosted its stake in shares of Golub Capital BDC by 1.2% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock valued at $895,000 after buying an additional 622 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Golub Capital BDC by 4.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 771 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in Golub Capital BDC by 3.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after acquiring an additional 970 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Golub Capital BDC by 2.8% in the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock worth $582,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its stake in shares of Golub Capital BDC by 2.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock valued at $706,000 after purchasing an additional 1,123 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insiders Place Their Bets

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the transaction, the chairman now owns 1,898,880 shares in the company, valued at approximately $28,559,155.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $15.04 per share, with a total value of $300,800.00. Following the completion of the purchase, the chairman now owns 1,898,880 shares in the company, valued at approximately $28,559,155.20. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 146,000 shares of company stock worth $2,159,400. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

GBDC has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.40.

Golub Capital BDC Stock Up 0.6 %

Shares of Golub Capital BDC stock opened at $14.95 on Thursday. Golub Capital BDC, Inc. has a twelve month low of $13.95 and a twelve month high of $17.72. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 7.36 and a beta of 0.53. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The business’s 50 day simple moving average is $15.02 and its 200-day simple moving average is $15.83.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s payout ratio is 76.85%.

Golub Capital BDC Company 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.