Golub Capital BDC, Inc. (NASDAQ:GBDC) Chairman Lawrence E. Golub Buys 20,000 Shares

Golub Capital BDC, Inc. (NASDAQ:GBDC) Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $15.01 per share, with a total value of $300,200.00. Following the purchase, the chairman now owns 1,858,880 shares in the company, valued at $27,901,788.80. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Golub Capital BDC Price Performance

GBDC stock opened at $14.89 on Friday. The business’s fifty day moving average price is $15.25 and its 200 day moving average price is $15.91. Golub Capital BDC, Inc. has a 12-month low of $13.95 and a 12-month 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. The company has a market capitalization of $2.55 billion, a PE ratio of 7.33 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a return on equity of 13.03% and a net margin of 53.05%. The business had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. During the same quarter last year, the company earned $0.44 earnings per share. On average, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 10.48%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at $38,000. Cove Street Capital LLC purchased a new stake in Golub Capital BDC during the 2nd quarter worth about $39,000. Nomura Asset Management Co. Ltd. increased its holdings in Golub Capital BDC by 77.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock worth $52,000 after purchasing an additional 1,508 shares during the period. Quarry LP acquired a new stake in Golub Capital BDC in the 2nd quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $71,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Keefe, Bruyette & Woods lowered their price target 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. Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.