D.A. Davidson & CO. Has $4.59 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

D.A. Davidson & CO. lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 15.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 302,865 shares of the investment management company's stock after acquiring an additional 41,087 shares during the period. D.A. Davidson & CO. owned approximately 0.11% of Golub Capital BDC worth $4,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Future Financial Wealth Managment LLC lifted its holdings in Golub Capital BDC by 130.0% in the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after acquiring an additional 1,690 shares during the period. Optiver Holding B.V. lifted its holdings in 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 valued at $47,000 after acquiring an additional 688 shares during the period. Hurley Capital LLC acquired a new position in Golub Capital BDC in the fourth quarter valued at approximately $50,000. Blue Trust Inc. raised its stake 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 worth $91,000 after buying an additional 5,330 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Golub Capital BDC by 84.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 6,936 shares of the investment management company's stock worth $105,000 after buying an additional 3,176 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Insider Buying and Selling 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 on Tuesday, May 27th. The shares were bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the purchase, the chairman owned 6,059,971 shares in the company, valued at $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on GBDC shares. Keefe, Bruyette & Woods dropped their target price on 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 reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a report on Monday, May 12th. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company lowered 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

Golub Capital BDC Trading Up 0.6%

Shares of NASDAQ:GBDC traded up $0.09 during midday trading on Wednesday, reaching $14.94. The company had a trading volume of 596,327 shares, compared to its average volume of 1,436,255. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.08. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 13.22 and a beta of 0.51. 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 has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $14.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate 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 business posted $0.55 earnings per share. Research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.45%. The ex-dividend date of this dividend was Friday, June 13th. Golub Capital BDC's payout ratio is presently 138.05%.

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.