Abundance Wealth Counselors Purchases 139,212 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Abundance Wealth Counselors raised its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 289.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 187,345 shares of the investment management company’s stock after purchasing an additional 139,212 shares during the period. Golub Capital BDC makes up about 1.4% of Abundance Wealth Counselors’ investment portfolio, making the stock its 11th largest holding. Abundance Wealth Counselors owned 0.11% of Golub Capital BDC worth $2,943,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in Golub Capital BDC in the first quarter worth about $38,000. Nomura Asset Management Co. Ltd. grew its stake in shares of 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 valued at $52,000 after acquiring an additional 1,508 shares during the period. BNP Paribas Financial Markets increased its holdings in Golub Capital BDC by 39.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock worth $115,000 after acquiring an additional 1,940 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Golub Capital BDC during the 4th quarter worth approximately $151,000. Finally, Latitude Advisors LLC purchased a new position in Golub Capital BDC during the fourth quarter valued at approximately $152,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

NASDAQ GBDC traded up $0.19 during trading on Thursday, hitting $14.63. 1,895,119 shares of the stock traded hands, compared to its average volume of 1,097,694. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. Golub Capital BDC, Inc. has a 12-month low of $13.95 and a 12-month high of $17.72. The firm has a 50-day simple moving average of $15.43 and a 200-day simple moving average of $15.94. The company has a market capitalization of $2.51 billion, a P/E ratio of 7.21 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $205.24 million. During the same quarter in the prior year, the firm posted $0.44 EPS. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.66%. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Wall Street Analyst Weigh In

GBDC has been the topic of several recent analyst reports. Raymond James downgraded shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company dropped 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 note on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Insiders Place Their Bets

In related news, Director Anita J. Rival purchased 26,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares in the company, valued at $1,368,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Anita J. Rival acquired 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now directly owns 95,000 shares in the company, valued at $1,368,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Golub bought 450,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the purchase, the chief executive officer now owns 1,718,880 shares of the company’s stock, valued at approximately $27,553,646.40. The disclosure for this purchase can be found here. Insiders have purchased 627,015 shares of company stock valued at $10,010,538 over the last ninety days. 2.70% of the stock is owned by insiders.

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.