Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Edge Capital Group LLC

Edge Capital Group LLC raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 42.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 634,313 shares of the investment management company’s stock after acquiring an additional 189,208 shares during the period. Edge Capital Group LLC owned approximately 0.37% of Golub Capital BDC worth $9,965,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in Golub Capital BDC during the 2nd quarter worth approximately $9,426,000. ProShare Advisors LLC increased its position in shares of Golub Capital BDC by 9.4% in the second quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company’s stock worth $412,000 after acquiring an additional 2,262 shares in the last quarter. MQS Management LLC purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at $575,000. Waterloo Capital L.P. lifted its holdings in shares of Golub Capital BDC by 11.6% during the 2nd quarter. Waterloo Capital L.P. now owns 158,911 shares of the investment management company’s stock valued at $2,496,000 after acquiring an additional 16,581 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Golub Capital BDC during the 2nd quarter worth $71,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. 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. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods dropped 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. Finally, StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $15.01 per share, with a total value of $300,200.00. Following the completion of the acquisition, the chairman now directly owns 1,858,880 shares in the company, valued at approximately $27,901,788.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 20,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $15.01 per share, with a total value of $300,200.00. Following the completion of the acquisition, the chairman now owns 1,858,880 shares of the company’s stock, valued at $27,901,788.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anita J. Rival purchased 26,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of 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. In the last ninety days, insiders have bought 146,000 shares of company stock valued at $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Golub Capital BDC Stock Down 0.2 %

GBDC stock opened at $14.89 on Friday. The company has a market capitalization of $2.55 billion, a P/E ratio of 7.33 and a beta of 0.53. The firm has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $15.82. The company has a current ratio of 5.01, a quick 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.

Golub Capital BDC (NASDAQ:GBDC) last released its 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 company had revenue of $171.27 million during 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 period in the previous year, the firm posted $0.44 EPS. On average, equities research analysts predict that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a $0.39 dividend. 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 10.48%. Golub Capital BDC’s dividend payout ratio (DPR) 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.