The Manufacturers Life Insurance Company Invests $913,000 in Golub Capital BDC, Inc. $GBDC

The Manufacturers Life Insurance Company bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 70,893 shares of the investment management company’s stock, valued at approximately $913,000.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Golub Capital BDC during the 2nd quarter worth about $25,000. Burk Holdings LLC bought a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $30,000. Main Street Group LTD bought a new position in shares of Golub Capital BDC in the 1st quarter valued at about $47,000. Fifth Third Bancorp acquired a new stake in shares of Golub Capital BDC in the first quarter valued at about $68,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Golub Capital BDC in the second quarter valued at about $77,000. Institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods lowered their price target on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Insider Activity

In other news, Director Lawrence Golub sold 1,676,387 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $13.00 on Friday. The company has a market cap of $3.38 billion, a P/E ratio of 20.00 and a beta of 0.39. The firm’s fifty day moving average price is $13.01 and its two-hundred day moving average price is $12.85. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $14.85. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The business had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is currently 203.08%.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.