Silvercrest Asset Management Group LLC Grows Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Silvercrest Asset Management Group LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,077 shares of the investment management company’s stock after acquiring an additional 970 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Golub Capital BDC were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GBDC. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Golub Capital BDC by 11.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,629 shares of the investment management company’s stock valued at $296,000 after acquiring an additional 2,083 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Golub Capital BDC by 1,005.0% in the 4th quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 2,000 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Golub Capital BDC in the 4th quarter valued at about $1,754,000. Baillie Gifford & Co. raised its holdings in shares of Golub Capital BDC by 19.1% in the 4th quarter. Baillie Gifford & Co. now owns 223,699 shares of the investment management company’s stock valued at $3,378,000 after acquiring an additional 35,806 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Golub Capital BDC by 4,797.5% during the 4th quarter. Cerity Partners LLC now owns 1,740,391 shares of the investment management company’s stock valued at $26,280,000 after buying an additional 1,704,855 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $15.28 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29. The business’s 50 day simple moving average is $15.83 and its two-hundred day simple moving average is $16.02. The stock has a market capitalization of $2.62 billion, a P/E ratio of 7.53 and a beta of 0.52. Golub Capital BDC, Inc. has a one year low of $13.78 and a one year high of $17.72.

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

Golub Capital BDC Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 16th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 62,267 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average cost of $16.06 per share, for a total transaction of $1,000,008.02. Following the transaction, the chairman now owns 1,268,880 shares in the company, valued at $20,378,212.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Lawrence E. Golub purchased 62,267 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $16.06 per share, for a total transaction of $1,000,008.02. Following the completion of the transaction, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at approximately $20,378,212.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Golub purchased 450,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of $16.03 per share, for a total transaction of $7,213,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,718,880 shares of the company’s stock, valued at $27,553,646.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 601,015 shares of company stock worth $9,636,138. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GBDC shares. StockNews.com cut Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

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.