Golub Capital BDC, Inc. (NASDAQ:GBDC) CEO David Golub Purchases 20,000 Shares

Golub Capital BDC, Inc. (NASDAQ:GBDC) CEO David Golub purchased 20,000 shares of the stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,738,880 shares in the company, valued at approximately $25,526,758.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

David Golub also recently made the following trade(s):

• On Monday, August 19th, David Golub purchased 20,000 shares of Golub Capital BDC stock. The stock was purchased at an average cost of $14.70 per share, for a total transaction of $294,000.00.
• On Tuesday, June 11th, David Golub acquired 450,000 shares of Golub Capital BDC stock. The shares were acquired at an average price of $16.03 per share, with a total value of $7,213,500.00.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.02 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29. The company’s fifty day moving average price is $15.32 and its 200 day moving average price is $15.92. The stock has a market capitalization of $2.58 billion, a P/E ratio of 7.40 and a beta of 0.52. Golub Capital BDC, Inc. has a 1 year low of $13.95 and a 1 year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 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 $171.27 million during the quarter, compared to analyst estimates of $205.24 million. During the same quarter last year, the business earned $0.44 EPS. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.39%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 76.85%.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Neville Rodie & Shaw Inc. increased its position in shares of Golub Capital BDC by 1.2% during the first quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock worth $895,000 after purchasing an additional 622 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Golub Capital BDC by 4.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock worth $286,000 after buying an additional 771 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Golub Capital BDC by 3.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock valued at $550,000 after buying an additional 970 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Golub Capital BDC by 2.8% in the second quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock worth $582,000 after buying an additional 1,000 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in Golub Capital BDC by 2.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock worth $706,000 after acquiring an additional 1,123 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GBDC. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a 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 stock. According to MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average 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.