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

Cerity Partners LLC lessened 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 Securities & Exchange Commission. The firm owned 1,492,016 shares of the investment management company's stock after selling 94,630 shares during the period. Cerity Partners LLC owned about 0.56% of Golub Capital BDC worth $22,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Arcus Capital Partners LLC acquired a new stake in shares of Golub Capital BDC in the first quarter worth $666,000. M&T Bank Corp boosted its position in shares of Golub Capital BDC by 14.0% in the first quarter. M&T Bank Corp now owns 24,397 shares of the investment management company's stock worth $369,000 after buying an additional 3,000 shares during the period. Sigma Investment Counselors Inc. acquired a new stake in shares of Golub Capital BDC in the first quarter worth $10,935,000. Beverly Hills Private Wealth LLC boosted its position in shares of Golub Capital BDC by 5.4% in the first quarter. Beverly Hills Private Wealth LLC now owns 22,616 shares of the investment management company's stock worth $342,000 after buying an additional 1,150 shares during the period. Finally, Hexagon Capital Partners LLC boosted 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 worth $55,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Golub Capital BDC Stock Up 1.1%

GBDC traded up $0.16 during trading on Wednesday, reaching $15.32. 1,124,522 shares of the stock traded hands, compared to its average volume of 1,433,591. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 13.56 and a beta of 0.51. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.01. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01. The stock's 50-day simple moving average is $14.86 and its two-hundred day simple moving average is $14.93.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same period in the previous year, the business posted $0.55 EPS. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced 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 of this dividend was Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.18%. Golub Capital BDC's dividend payout ratio (DPR) is currently 138.05%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price 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. 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 report on Monday, May 12th. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods reduced their price objective 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of "Moderate Buy" and a consensus price target 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.