Cerity Partners LLC Has $22.59 Million Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cerity Partners LLC decreased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,492,016 shares of the investment management company's stock after selling 94,630 shares during the quarter. Cerity Partners LLC owned 0.56% of Golub Capital BDC worth $22,589,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of GBDC. Optiver Holding B.V. boosted its stake in Golub Capital BDC by 28.7% during the fourth 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 in the last quarter. Signaturefd LLC boosted 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 valued at $1,618,000 after buying an additional 704 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in Golub Capital BDC by 0.4% during 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 buying an additional 814 shares in the last quarter. Sowell Financial Services LLC boosted its stake in Golub Capital BDC by 6.0% during the first quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after buying an additional 848 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Golub Capital BDC by 31.6% during the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock valued at $55,000 after buying an additional 868 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Bank of America decreased their target price on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research note on Monday, May 12th. Wells Fargo & Company decreased their price target on 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 upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Golub Capital BDC has an average rating of "Moderate Buy" and an average target price of $15.50.

Golub Capital BDC Trading Up 0.7%

Shares of NASDAQ:GBDC traded up $0.11 during midday trading on Friday, reaching $15.20. The company had a trading volume of 1,229,429 shares, compared to its average volume of 1,433,581. 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, Inc. has a 1-year low of $12.68 and a 1-year high of $16.01. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 13.45 and a beta of 0.51. The company has a fifty day simple moving average of $14.81 and a two-hundred day simple moving average of $14.93.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The company 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 quarter last year, the business earned $0.55 EPS. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.26%. The ex-dividend date was Friday, June 13th. Golub Capital BDC's dividend payout ratio is currently 138.05%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of Golub Capital BDC stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the purchase, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.60% of the company's stock.

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.