Accurate Wealth Management LLC Purchases 17,010 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Accurate Wealth Management LLC grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 51.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,990 shares of the investment management company's stock after acquiring an additional 17,010 shares during the quarter. Accurate Wealth Management LLC's holdings in Golub Capital BDC were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GBDC. Pallas Capital Advisors LLC boosted its stake in shares of Golub Capital BDC by 56.3% in the 1st quarter. Pallas Capital Advisors LLC now owns 44,039 shares of the investment management company's stock worth $667,000 after buying an additional 15,860 shares during the last quarter. RDA Financial Network lifted its holdings in Golub Capital BDC by 4.3% in the first quarter. RDA Financial Network now owns 35,773 shares of the investment management company's stock valued at $542,000 after acquiring an additional 1,461 shares during the period. Amplius Wealth Advisors LLC boosted its position in Golub Capital BDC by 1.8% in the first quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock worth $775,000 after purchasing an additional 926 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Golub Capital BDC by 34.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 329,748 shares of the investment management company's stock valued at $4,992,000 after purchasing an additional 84,129 shares during the period. Finally, Silverberg Bernstein Capital Management LLC increased its position in shares of Golub Capital BDC by 5.2% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 63,200 shares of the investment management company's stock valued at $957,000 after purchasing an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analysts Set New Price Targets

GBDC has been the subject of several recent research reports. Bank of America cut their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the stock in a transaction that occurred 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 now owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by company insiders.

Golub Capital BDC Price Performance

NASDAQ:GBDC traded down $0.06 during trading hours on Wednesday, hitting $15.22. 1,189,945 shares of the stock traded hands, compared to its average volume of 1,448,866. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 11.03 and a beta of 0.52. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.15. The stock has a 50 day moving average price of $14.47 and a 200 day moving average price of $15.02. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $211.10 million during the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same period last year, the firm posted $0.55 EPS. Sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.25%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's payout ratio is presently 138.05%.

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.