Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Albion Financial Group UT

Albion Financial Group UT reduced its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 39.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,080 shares of the investment management company's stock after selling 43,748 shares during the period. Albion Financial Group UT's holdings in Golub Capital BDC were worth $1,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC grew its stake in shares of Golub Capital BDC by 130.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after buying an additional 1,690 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after buying an additional 827 shares during the period. Optiver Holding B.V. boosted its position in Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after buying an additional 688 shares during the period. Hurley Capital LLC purchased a new stake in Golub Capital BDC in the 4th quarter valued at about $50,000. Finally, Blue Trust Inc. boosted its position in Golub Capital BDC by 794.3% in the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after buying an additional 5,330 shares during the period. 42.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Lawrence E. Golub bought 6,059,971 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the transaction, the chairman directly owned 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by insiders.

Golub Capital BDC Stock Up 0.4%

NASDAQ:GBDC traded up $0.06 during midday trading on Wednesday, reaching $14.56. 647,596 shares of the stock traded hands, compared to its average volume of 1,434,757. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.08. The business has a 50-day moving average of $14.73 and a two-hundred day moving average of $14.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $3.88 billion, a PE ratio of 12.88 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The firm had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. During the same period in the previous year, the company earned $0.55 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.39 per share. The ex-dividend date was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.72%. Golub Capital BDC's payout ratio is 138.05%.

Analyst Upgrades and Downgrades

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

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.