Border to Coast Pensions Partnership Ltd Sells 210,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Border to Coast Pensions Partnership Ltd lowered its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,200,000 shares of the investment management company’s stock after selling 210,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned 0.70% of Golub Capital BDC worth $18,079,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Embree Financial Group bought a new stake in Golub Capital BDC during the third quarter worth $171,000. Onyx Bridge Wealth Group LLC grew its holdings in Golub Capital BDC by 36.1% during the third quarter. Onyx Bridge Wealth Group LLC now owns 61,157 shares of the investment management company’s stock worth $924,000 after buying an additional 16,213 shares in the last quarter. Naviter Wealth LLC boosted its position in Golub Capital BDC by 26.5% in the third quarter. Naviter Wealth LLC now owns 220,359 shares of the investment management company’s stock worth $3,330,000 after purchasing an additional 46,145 shares during the last quarter. Amplius Wealth Advisors LLC boosted its position in Golub Capital BDC by 8.7% in the third quarter. Amplius Wealth Advisors LLC now owns 48,224 shares of the investment management company’s stock worth $729,000 after purchasing an additional 3,841 shares during the last quarter. Finally, Creative Planning boosted its position in Golub Capital BDC by 1,156.5% in the third quarter. Creative Planning now owns 182,095 shares of the investment management company’s stock worth $2,751,000 after purchasing an additional 167,603 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GBDC. Keefe, Bruyette & Woods cut their price objective 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. Oppenheimer reissued an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC traded up $0.03 during trading on Monday, reaching $15.47. 545,075 shares of the stock traded hands, compared to its average volume of 1,161,379. Golub Capital BDC, Inc. has a 52-week low of $14.02 and a 52-week high of $17.72. 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 company has a 50-day moving average of $14.94 and a 200-day moving average of $15.67. The stock has a market capitalization of $2.65 billion, a P/E ratio of 7.61 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The firm had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. During the same period in the prior year, the company earned $0.44 EPS. Analysts forecast that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.08%. Golub Capital BDC’s payout ratio is 76.85%.

Insider Activity at Golub Capital BDC

In related news, Director Anita J. Rival acquired 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the purchase, the director now owns 95,000 shares in the company, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 20,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $15.01 per share, for a total transaction of $300,200.00. Following the purchase, the chairman now directly owns 1,858,880 shares of the company’s stock, valued at $27,901,788.80. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anita J. Rival bought 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, for a total transaction of $374,400.00. Following the completion of the purchase, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is owned by company insiders.

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.