Oppenheimer & Co. Inc. Takes $162,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Oppenheimer & Co. Inc. purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,706 shares of the investment management company’s stock, valued at approximately $162,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GBDC. Hexagon Capital Partners LLC grew its stake in Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,355 shares during the period. Allworth Financial LP grew its stake in Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares during the period. Cove Street Capital LLC acquired a new stake in Golub Capital BDC during the second quarter worth approximately $39,000. Quarry LP acquired a new stake in Golub Capital BDC during the second quarter worth approximately $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Golub Capital BDC during the second quarter worth approximately $71,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GBDC shares. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods cut their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.40.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.30 on Friday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 10.85 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.01 and a current ratio of 4.73. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The firm’s 50-day simple moving average is $15.20 and its 200 day simple moving average is $15.41.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.20%. Golub Capital BDC’s payout ratio is 110.64%.

Insider Activity at Golub Capital BDC

In related news, CEO David Golub bought 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,958,880 shares in the company, valued at approximately $29,206,900.80. This represents a 1.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 80,000 shares of company stock valued at $1,197,400 over the last 90 days. Insiders own 2.70% of the company’s stock.

About Golub Capital BDC

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.