Cetera Investment Advisers Has $1.18 Million Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cetera Investment Advisers boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,040 shares of the investment management company’s stock after buying an additional 7,489 shares during the period. Cetera Investment Advisers’ holdings in Golub Capital BDC were worth $1,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GBDC. Future Financial Wealth Managment LLC acquired a new position in Golub Capital BDC during the 1st quarter valued at about $38,000. Cove Street Capital LLC acquired a new stake in Golub Capital BDC during the 2nd quarter valued at $39,000. Quarry LP acquired a new stake in shares of Golub Capital BDC during the second quarter worth $61,000. Brown Brothers Harriman & Co. bought a new position in shares of Golub Capital BDC in the second quarter worth $71,000. Finally, BNP Paribas Financial Markets increased 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 worth $115,000 after purchasing an additional 1,940 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GBDC. Wells Fargo & Company decreased 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. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods decreased 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. Finally, Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Insider Buying and Selling

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the transaction, the chairman now directly owns 1,998,880 shares in the company, valued at $29,803,300.80. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $14.91 per share, with a total value of $298,200.00. Following the purchase, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 146,000 shares of company stock worth $2,159,400 in the last ninety days. 2.70% of the stock is owned by insiders.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.35 on Thursday. The stock’s 50-day simple moving average is $14.90 and its 200 day simple moving average is $15.70. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.56 and a beta of 0.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. Golub Capital BDC, Inc. has a 52-week low of $14.02 and a 52-week high of $17.72.

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

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.56 annualized dividend and a dividend yield of 10.16%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

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.