Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Acquired by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 39.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,440 shares of the investment management company’s stock after purchasing an additional 6,945 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in Golub Capital BDC were worth $384,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GBDC. International Assets Investment Management LLC acquired a new stake in shares of Golub Capital BDC during the 4th quarter worth about $1,754,000. Victory Capital Management Inc. purchased a new position in shares of Golub Capital BDC during the fourth quarter worth approximately $1,576,000. LSV Asset Management increased its holdings in shares of Golub Capital BDC by 0.9% in the 4th quarter. LSV Asset Management now owns 1,203,641 shares of the investment management company’s stock valued at $18,175,000 after acquiring an additional 10,555 shares during the period. Private Advisor Group LLC increased its holdings in shares of Golub Capital BDC by 74.3% in the 4th quarter. Private Advisor Group LLC now owns 30,472 shares of the investment management company’s stock valued at $460,000 after acquiring an additional 12,992 shares during the period. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in Golub Capital BDC in the 4th quarter valued at $408,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on GBDC. Keefe, Bruyette & Woods reduced their target price 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. StockNews.com cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Oppenheimer reissued an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Wells Fargo & Company cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Insider Buying and Selling

In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the acquisition, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Lawrence E. Golub purchased 62,267 shares of Golub Capital BDC stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the acquisition, the chairman now owns 1,268,880 shares in the company, valued at approximately $20,378,212.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anita J. Rival purchased 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $14.40 per share, with a total value of $374,400.00. Following the acquisition, the director now owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 707,015 shares of company stock worth $11,199,138. Insiders own 2.70% of the company’s stock.

Golub Capital BDC Trading Up 1.3 %

NASDAQ GBDC traded up $0.19 during mid-day trading on Friday, hitting $14.89. The company’s stock had a trading volume of 1,715,811 shares, compared to its average volume of 1,836,596. Golub Capital BDC, Inc. has a 52-week low of $13.95 and a 52-week high of $17.72. The stock’s fifty day simple moving average is $15.25 and its two-hundred day simple moving average is $15.91. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market capitalization of $2.55 billion, a P/E ratio of 7.34 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data 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). The firm had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter in the prior year, the business earned $0.44 EPS. Research analysts expect that Golub Capital BDC, Inc. will post 1.92 EPS for the current year.

Golub Capital BDC Announces Dividend

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 paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.48%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Golub Capital BDC 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.