Headlands Technologies LLC Has $1.18 Million Stock Holdings in Golub Capital BDC, Inc. $GBDC

Headlands Technologies LLC increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 179.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,617 shares of the investment management company’s stock after buying an additional 58,794 shares during the period. Headlands Technologies LLC’s holdings in Golub Capital BDC were worth $1,180,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Golub Capital BDC by 41.4% during the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after acquiring an additional 38,534 shares during the period. NewEdge Advisors LLC boosted its stake in Golub Capital BDC by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 7,178 shares during the period. Empowered Funds LLC grew its holdings in Golub Capital BDC by 140.0% in the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after buying an additional 15,988 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Golub Capital BDC in the 1st quarter valued at approximately $6,491,000. Finally, Focus Partners Wealth increased its position in Golub Capital BDC by 24.9% in the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after buying an additional 6,658 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on GBDC. Oppenheimer reiterated an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a report on Wednesday, May 6th. Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Royal Bank Of Canada cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC Trading Up 1.0%

Shares of Golub Capital BDC stock opened at $13.16 on Tuesday. The firm has a market capitalization of $3.42 billion, a PE ratio of 20.25 and a beta of 0.39. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $12.97 and its two-hundred day moving average price is $12.84. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. During the same period last year, the firm earned $0.39 EPS. On average, analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.0%. Golub Capital BDC’s payout ratio is presently 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.