Family Wealth Partners LLC Makes New $292,000 Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Family Wealth Partners LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 19,310 shares of the investment management company's stock, valued at approximately $292,000.

A number of other large investors also recently bought and sold shares of the company. 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 worth $45,000 after acquiring an additional 1,690 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after purchasing an additional 827 shares during the last quarter. Optiver Holding B.V. boosted its position in Golub Capital BDC by 28.7% during the 4th 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 period. Hurley Capital LLC bought a new position in Golub Capital BDC during the 4th quarter worth $50,000. Finally, Empowered Funds LLC acquired a new stake in Golub Capital BDC in the fourth quarter worth $173,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of GBDC stock traded up $0.17 during mid-day trading on Wednesday, hitting $14.71. 847,929 shares of the stock traded hands, compared to its average volume of 1,432,150. The company's 50-day simple moving average is $14.60 and its 200-day simple moving average is $15.00. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.08. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 13.02 and a beta of 0.52. 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 (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.59% and a net margin of 35.50%. The business had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same period in the prior year, the firm earned $0.55 EPS. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.61%. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

Wall Street Analysts Forecast Growth

GBDC has been the subject of several analyst reports. 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. 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. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Bank of America dropped their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Insider Transactions at Golub Capital BDC

In other news, Chairman Lawrence E. Golub bought 6,059,971 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was 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 now directly owns 6,059,971 shares in the company, valued at $91,687,361.23. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.60% of the company's stock.

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.