43,971 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Bought by Arcus Capital Partners LLC

Arcus Capital Partners LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 43,971 shares of the investment management company's stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its stake 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 worth $47,000 after buying an additional 688 shares in the last quarter. Signaturefd LLC increased its stake in Golub Capital BDC by 0.7% during the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company's stock worth $1,618,000 after acquiring an additional 704 shares during the last quarter. Snowden Capital Advisors LLC raised its position in Golub Capital BDC by 0.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after purchasing an additional 814 shares during the period. Sowell Financial Services LLC lifted its stake in shares of Golub Capital BDC by 6.0% in the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after purchasing an additional 848 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings 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 worth $55,000 after purchasing an additional 868 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the stock in a transaction dated 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 transaction, the chairman owned 6,059,971 shares in the company, valued at $91,687,361.23. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Golub Capital BDC Stock Up 1.0%

Shares of GBDC stock traded up $0.15 during trading on Friday, reaching $15.24. The company's stock had a trading volume of 747,673 shares, compared to its average volume of 1,433,067. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.08. The stock's 50-day moving average price is $14.80 and its 200 day moving average price is $14.94. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 13.48 and a beta of 0.51. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01.

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 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $211.10 million during the quarter, compared to analyst estimates 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 last year, the firm earned $0.55 EPS. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued 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 10.24%. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of 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 dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC has an average rating of "Moderate Buy" and a consensus target price of $15.50.

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.