Apollon Wealth Management LLC Takes $595,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Apollon Wealth Management LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 39,329 shares of the investment management company's stock, valued at approximately $595,000.

Other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC raised its holdings 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 buying an additional 1,690 shares in the last quarter. Optiver Holding B.V. boosted its position 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 valued at $47,000 after purchasing an additional 688 shares in the last quarter. Hurley Capital LLC bought a new stake in shares of Golub Capital BDC during the 4th quarter valued at about $50,000. Hexagon Capital Partners LLC boosted its position 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 valued at $55,000 after purchasing an additional 868 shares in the last quarter. Finally, Blue Trust Inc. boosted its position 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 valued at $91,000 after purchasing an additional 5,330 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub acquired 6,059,971 shares of Golub Capital BDC stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the acquisition, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America cut 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. Wells Fargo & Company cut their price target 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. Keefe, Bruyette & Woods cut their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.50.

Golub Capital BDC Stock Down 0.3%

Shares of Golub Capital BDC stock traded down $0.04 on Friday, hitting $15.44. The company had a trading volume of 1,749,592 shares, compared to its average volume of 1,441,164. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 13.66 and a beta of 0.51. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.01. The stock has a 50 day moving average of $14.92 and a 200-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.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly 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). The business had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently declared 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date was Friday, June 13th. Golub Capital BDC's payout ratio is 138.05%.

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.