Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Acquired by Allen Investment Management LLC

Key Points

• Allen Investment Management LLC increased its stake in Golub Capital BDC by 11.9%, acquiring an additional 441,050 shares, and now holds 4,135,726 shares, valued at approximately $62.6 million.
• Wall Street analysts have mixed views on Golub Capital BDC, with a consensus rating of "Moderate Buy" and a price target adjustment down to $15.50 from $16.50 by several firms.
• Chairman Lawrence E. Golub made a significant acquisition of 6,059,971 shares at an average price of $15.13, totaling around $91.7 million, showcasing strong insider confidence in the company.

Allen Investment Management LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 11.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,135,726 shares of the investment management company's stock after buying an additional 441,050 shares during the period. Golub Capital BDC comprises approximately 0.7% of Allen Investment Management LLC's investment portfolio, making the stock its 27th biggest holding. Allen Investment Management LLC owned approximately 1.56% of Golub Capital BDC worth $62,615,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. VSM Wealth Advisory LLC boosted its holdings in shares of Golub Capital BDC by 102.0% during the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock valued at $39,000 after acquiring an additional 1,295 shares in the last quarter. Future Financial Wealth Managment LLC raised its position in shares of Golub Capital BDC by 130.0% during the first 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 during the last quarter. Optiver Holding B.V. raised its position in shares of Golub Capital BDC by 28.7% during the fourth 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 during the last quarter. Hurley Capital LLC bought a new position in shares of Golub Capital BDC during the fourth quarter worth about $50,000. Finally, Hexagon Capital Partners LLC raised its position in shares of Golub Capital BDC by 31.6% during the first 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 during the last quarter. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Down 0.0%

Shares of NASDAQ GBDC traded down $0.01 during trading hours on Wednesday, hitting $15.05. The company's stock had a trading volume of 414,444 shares, compared to its average volume of 1,455,042. 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 cap of $4.01 billion, a price-to-earnings ratio of 13.31 and a beta of 0.51. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The business has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $14.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share 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 10.59% and a net margin of 35.50%. During the same quarter in the previous year, the company earned $0.55 EPS. On average, analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.37%. Golub Capital BDC's payout ratio is 138.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GBDC. Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Bank of America decreased their target price on 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 raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of Golub Capital BDC stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman directly owned 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. This trade represents 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 owned by 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.