Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Millennium Management LLC

Millennium Management LLC boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1,170.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 786,569 shares of the investment management company’s stock after acquiring an additional 724,662 shares during the period. Millennium Management LLC owned about 0.46% of Golub Capital BDC worth $12,357,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GBDC. Future Financial Wealth Managment LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at about $38,000. Cove Street Capital LLC acquired a new stake in shares of Golub Capital BDC in the second quarter valued at about $39,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC in the second quarter valued at about $71,000. BNP Paribas Financial Markets raised its position in shares of Golub Capital BDC by 39.1% in the first quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock valued at $115,000 after buying an additional 1,940 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Golub Capital BDC in the second quarter valued at about $121,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GBDC. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, September 28th. 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 reissued an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.40.

Insider Activity

In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now owns 95,000 shares in the company, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David Golub bought 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $14.68 per share, with a total value of $293,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,738,880 shares in the company, valued at $25,526,758.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anita J. Rival bought 26,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the acquisition, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is currently owned by company insiders.

Golub Capital BDC Trading Up 0.1 %

Shares of GBDC stock opened at $15.18 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market cap of $2.60 billion, a PE ratio of 7.48 and a beta of 0.53. The company has a 50-day moving average of $14.86 and a two-hundred day moving average of $15.75. Golub Capital BDC, Inc. has a 1-year low of $14.02 and a 1-year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced 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). Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. The company had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. During the same period last year, the business earned $0.44 EPS. On average, analysts predict that Golub Capital BDC, Inc. will post 1.92 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.28%. The ex-dividend date of this dividend was 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.