Arcus Capital Partners LLC Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Arcus Capital Partners LLC purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 43,971 shares of the investment management company's stock, valued at approximately $666,000.

Other hedge funds have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC raised its position in Golub Capital BDC by 130.0% in 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 period. Optiver Holding B.V. raised its position in shares of Golub Capital BDC by 28.7% in the fourth 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 during the period. Hurley Capital LLC bought a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $50,000. Hexagon Capital Partners LLC raised its position in shares of Golub Capital BDC by 31.6% in the first 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 during the period. Finally, Blue Trust Inc. raised its position in shares of Golub Capital BDC by 794.3% in the first 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 during the period. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

NASDAQ:GBDC traded up $0.11 during mid-day trading on Friday, hitting $15.20. 1,229,429 shares of the stock traded hands, compared to its average volume of 1,433,581. The business's 50-day moving average price is $14.81 and its 200 day moving average price is $14.93. The company has a market cap of $4.05 billion, a PE ratio of 13.45 and a beta of 0.51. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.01. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.19.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data 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 firm 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 prior year, the firm posted $0.55 EPS. On average, analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.26%. Golub Capital BDC's dividend payout ratio is currently 138.05%.

Insider Buying and Selling

In related 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 acquired at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the purchase, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America lowered their price target on shares of 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. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods lowered their price target on shares of 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, 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 on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Golub Capital BDC Company 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.