Generali Investments CEE investicni spolecnost a.s. Acquires New Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 65,351 shares of the investment management company's stock, valued at approximately $989,000.

Other large investors have also made changes to their positions in the company. Onyx Bridge Wealth Group LLC grew its position in Golub Capital BDC by 65.0% in the first quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock worth $1,721,000 after acquiring an additional 44,760 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Golub Capital BDC by 98.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock worth $595,000 after purchasing an additional 19,496 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Golub Capital BDC by 60.6% during the 4th quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after purchasing an additional 52,155 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Golub Capital BDC by 39.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 34,591 shares of the investment management company's stock worth $526,000 after purchasing an additional 9,858 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in Golub Capital BDC by 24.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock valued at $198,000 after buying an additional 2,541 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the acquisition, the chairman owned 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.60% of the company's stock.

Golub Capital BDC Trading Up 0.7%

NASDAQ GBDC traded up $0.11 during mid-day trading on Tuesday, reaching $14.85. 1,098,905 shares of the stock were exchanged, compared to its average volume of 1,439,283. The stock has a market capitalization of $3.96 billion, a PE ratio of 13.14 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 1-year low of $12.68 and a 1-year high of $16.08. The business's fifty day simple moving average is $14.76 and its 200 day simple moving average is $14.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results 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 return on equity of 10.59% and a net margin of 35.50%. The firm had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. During the same quarter in the previous year, the firm posted $0.55 EPS. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 10.51%. Golub Capital BDC's payout ratio is 138.05%.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered 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. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Bank of America dropped their price objective 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 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 report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

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.