AlphaCore Capital LLC Invests $255,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• AlphaCore Capital LLC acquired 16,869 shares of Golub Capital BDC, valued at approximately $255,000, marking a new investment position for the firm.
• Golub Capital BDC's chairman, Lawrence E. Golub, purchased over 6 million shares at $15.13 per share, significantly increasing his stake in the company.
• The company recently declared a quarterly dividend of $0.39 per share, representing an annualized yield of 10.5% and a payout ratio of 109.86%.

AlphaCore Capital LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,869 shares of the investment management company's stock, valued at approximately $255,000.

Other large investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC grew its stake in Golub Capital BDC by 102.0% in the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock valued at $39,000 after purchasing an additional 1,295 shares in the last quarter. Future Financial Wealth Managment LLC boosted its stake in shares of Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after acquiring an additional 1,690 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after acquiring an additional 688 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after acquiring an additional 868 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Golub Capital BDC by 794.3% during the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock worth $91,000 after acquiring an additional 5,330 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

NASDAQ:GBDC traded down $0.01 during mid-day trading on Friday, hitting $14.80. 126,972 shares of the company's stock traded hands, compared to its average volume of 1,426,063. The firm has a 50 day moving average of $14.91 and a two-hundred day moving average of $14.90. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.42 and a beta of 0.51. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%. The firm had revenue of $218.34 million during the quarter, compared to the consensus estimate of $215.47 million. During the same quarter in the prior year, the company earned $0.39 EPS. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 10.5%. Golub Capital BDC's dividend payout ratio is 109.86%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GBDC shares. Wells Fargo & Company decreased their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Bank of America decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research note on Monday, May 12th.

Insider Buying and Selling

In other news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the acquisition, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 3.60% of the stock is currently owned by company insiders.

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.