Creative Planning Has $2.75 Million Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Creative Planning grew its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1,156.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,095 shares of the investment management company’s stock after acquiring an additional 167,603 shares during the period. Creative Planning owned 0.11% of Golub Capital BDC worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Northeast Financial Consultants Inc increased its stake in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after purchasing an additional 1,268,442 shares in the last quarter. Millennium Management LLC boosted its holdings in Golub Capital BDC by 1,170.6% during the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after purchasing an additional 724,662 shares during the last quarter. Boston Partners acquired a new position in Golub Capital BDC during the first quarter worth $12,126,000. Van ECK Associates Corp raised its position in Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after acquiring an additional 640,866 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of Golub Capital BDC in the second quarter valued at about $9,426,000. 42.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average price of $15.04 per share, with a total value of $300,800.00. Following the completion of the acquisition, the chairman now owns 1,898,880 shares of the company’s stock, valued at $28,559,155.20. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Chairman Lawrence E. Golub bought 20,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was acquired at an average price of $15.04 per share, with a total value of $300,800.00. Following the completion of the purchase, the chairman now directly owns 1,898,880 shares in the company, valued at $28,559,155.20. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 146,000 shares of company stock valued at $2,159,400 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GBDC. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price objective on shares of 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 target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Stock Down 1.7 %

GBDC opened at $15.28 on Friday. The company’s 50-day moving average is $15.04 and its 200 day moving average is $15.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC, Inc. has a fifty-two week low of $14.02 and a fifty-two week high of $17.72. The firm has a market capitalization of $2.62 billion, a P/E ratio of 9.26 and a beta of 0.53.

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

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC’s payout ratio is presently 94.55%.

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.