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

Border to Coast Pensions Partnership Ltd cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 about 0.30% of Golub Capital BDC worth $12,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC grew its stake in 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 during the last quarter. Parkside Financial Bank & Trust lifted its position in 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 worth $47,000 after buying an additional 827 shares in the last quarter. Optiver Holding B.V. boosted its stake 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 buying an additional 688 shares during the period. Hurley Capital LLC purchased a new position in shares of Golub Capital BDC during the 4th quarter valued at $50,000. Finally, Blue Trust Inc. grew its holdings 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 acquiring an additional 5,330 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Golub Capital BDC

In other news, Chairman Lawrence E. Golub bought 6,059,971 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the acquisition, the chairman now directly owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

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

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded up $0.21 during trading hours on Monday, hitting $14.65. 3,616,166 shares of the stock were exchanged, compared to its average volume of 1,437,521. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.08. The company has a market cap of $3.90 billion, a PE ratio of 12.96 and a beta of 0.52. 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 company's fifty day simple moving average is $14.70 and its two-hundred day simple moving average is $14.95.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $211.10 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.55 earnings per share. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.65%. Golub Capital BDC's dividend payout ratio (DPR) is currently 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.