Border to Coast Pensions Partnership Ltd Lowers Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Border to Coast Pensions Partnership Ltd reduced its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,000 shares of the investment management company's stock after selling 200,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned approximately 0.30% of Golub Capital BDC worth $12,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC grew 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 buying an additional 1,690 shares in the last quarter. Optiver Holding B.V. grew its holdings in 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 worth $47,000 after acquiring an additional 688 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of 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 purchasing an additional 827 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of Golub Capital BDC in the 4th quarter valued at $50,000. Finally, Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 5,330 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on GBDC. Wells Fargo & Company dropped their target price 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. Bank of America dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Keefe, Bruyette & Woods cut 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 upgraded 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $15.50.

Golub Capital BDC Stock Up 0.2%

Shares of NASDAQ GBDC opened at $14.45 on Friday. The business has a 50-day moving average price of $14.70 and a 200 day moving average price of $14.95. The stock has a market cap of $3.85 billion, a PE ratio of 12.79 and a beta of 0.52. 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, Inc. has a 52-week low of $12.68 and a 52-week high of $16.08.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced 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). The business had revenue of $211.10 million during the quarter, compared to analyst estimates 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 firm earned $0.55 earnings per share. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.80%. The ex-dividend date is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

Insider Buying and Selling at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the transaction, the chairman now directly owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.60% of the stock is owned by company insiders.

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.

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