D.A. Davidson & CO. Grows Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

D.A. Davidson & CO. increased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 302,865 shares of the investment management company's stock after purchasing an additional 41,087 shares during the quarter. D.A. Davidson & CO. owned 0.11% of Golub Capital BDC worth $4,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC boosted its stake in shares of 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 valued at $45,000 after purchasing an additional 1,690 shares in the last quarter. Optiver Holding B.V. raised its holdings in shares of 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 purchasing an additional 688 shares during the last quarter. Hurley Capital LLC purchased a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $50,000. Blue Trust Inc. grew its position in Golub Capital BDC by 794.3% during the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after buying an additional 5,330 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in Golub Capital BDC by 84.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 6,936 shares of the investment management company's stock valued at $105,000 after buying an additional 3,176 shares during the period. Hedge funds and other institutional investors own 42.38% of the company's stock.

Insider Activity

In other news, Chairman Lawrence E. Golub bought 6,059,971 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $15.13 per share, with a total value 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company's stock.

Golub Capital BDC Trading Down 0.2%

Shares of GBDC traded down $0.03 during mid-day trading on Monday, reaching $14.74. The stock had a trading volume of 1,039,798 shares, compared to its average volume of 1,440,141. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.08. The business's fifty day moving average is $14.75 and its 200 day moving average is $14.94. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 13.04 and a beta of 0.51.

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 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 analysts' expectations 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 last year, the business earned $0.55 EPS. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.39 per share. The ex-dividend date was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.58%. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GBDC. Bank of America cut their target price on shares of 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. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

About Golub Capital BDC

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.