Victory Capital Management Inc. Purchases 2,865 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Victory Capital Management Inc. boosted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,469 shares of the investment management company’s stock after purchasing an additional 2,865 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Golub Capital BDC worth $1,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Neville Rodie & Shaw Inc. increased its holdings in shares of Golub Capital BDC by 1.2% during the first quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock valued at $895,000 after acquiring an additional 622 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Golub Capital BDC by 4.3% during the fourth 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 in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Golub Capital BDC by 3.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock valued at $550,000 after buying an additional 970 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its position in shares of Golub Capital BDC by 2.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock valued at $706,000 after buying an additional 1,123 shares during the last quarter. Finally, Albion Financial Group UT boosted its position in shares of Golub Capital BDC by 1.1% during the second quarter. Albion Financial Group UT now owns 113,631 shares of the investment management company’s stock valued at $1,785,000 after buying an additional 1,182 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $14.95 on Thursday. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC, Inc. has a twelve month low of $13.95 and a twelve month high of $17.72. The business has a 50-day moving average price of $15.04 and a 200-day moving average price of $15.83. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 7.36 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly 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 prior year, the firm posted $0.44 earnings per share. As a group, equities research analysts predict that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

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

Insider Activity at Golub Capital BDC

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

Analyst Upgrades and Downgrades

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