David Golub Acquires 450,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock

Golub Capital BDC, Inc. (NASDAQ:GBDC) CEO David Golub acquired 450,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average price of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the purchase, the chief executive officer now owns 1,718,880 shares in the company, valued at $27,553,646.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Golub Capital BDC Price Performance

NASDAQ:GBDC traded down $0.28 during mid-day trading on Tuesday, reaching $15.75. 3,160,652 shares of the stock were exchanged, compared to its average volume of 912,885. The business has a fifty day moving average price of $16.60 and a 200 day moving average price of $15.86. The firm has a market capitalization of $2.70 billion, a PE ratio of 7.88 and a beta of 0.53. Golub Capital BDC, Inc. has a 1-year low of $13.16 and a 1-year high of $17.72. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.26.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, May 6th. The investment management company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The company had revenue of $164.23 million during the quarter, compared to analyst estimates of $163.61 million. Research analysts expect that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a None dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 13th. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Waterloo Capital L.P. acquired a new position in shares of Golub Capital BDC in the 4th quarter valued at $1,304,000. Quest Partners LLC acquired a new stake in Golub Capital BDC during the 4th quarter worth about $1,029,000. International Assets Investment Management LLC acquired a new stake in Golub Capital BDC during the 4th quarter worth about $1,754,000. Allen Investment Management LLC boosted its position in Golub Capital BDC by 114.5% during the 3rd quarter. Allen Investment Management LLC now owns 1,371,018 shares of the investment management company’s stock worth $20,113,000 after acquiring an additional 731,959 shares during the period. Finally, Barclays PLC acquired a new stake in Golub Capital BDC during the 3rd quarter worth about $911,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GBDC shares. Bank of America raised Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, March 25th. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Raymond James lowered Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.40.

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.