Envestnet Asset Management Inc. decreased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,385 shares of the investment management company's stock after selling 69,978 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Golub Capital BDC worth $4,578,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC raised its stake in Golub Capital BDC by 130.0% during the first 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. Optiver Holding B.V. raised 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 worth $47,000 after buying an additional 688 shares during the last quarter. Hurley Capital LLC bought a new position in Golub Capital BDC during the fourth quarter worth $50,000. Hexagon Capital Partners LLC raised 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 worth $55,000 after buying an additional 868 shares during the last quarter. Finally, Blue Trust Inc. raised its stake 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 worth $91,000 after buying an additional 5,330 shares during the last quarter. Institutional investors own 42.38% of the company's stock.
Golub Capital BDC Stock Performance
GBDC stock traded down $0.09 during mid-day trading on Tuesday, hitting $15.02. The company had a trading volume of 237,353 shares, compared to its average volume of 1,456,002. The firm has a market cap of $4.00 billion, a PE ratio of 13.29 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. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The stock's fifty day moving average price is $14.96 and its two-hundred day moving average price is $14.94.
Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly 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). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The business had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same period last year, the firm earned $0.55 EPS. On average, analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.
Golub Capital BDC Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors 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 annualized dividend and a yield of 10.39%. Golub Capital BDC's dividend payout ratio is currently 138.05%.
Insider Buying and Selling
In other 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 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 approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.60% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America reduced their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Wells Fargo & Company reduced their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.50.
Read Our Latest Stock Analysis on Golub Capital BDC
Golub Capital BDC Company Profile
(
Free Report)
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.
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