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

Generali Investments CEE investicni spolecnost a.s. purchased 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,351 shares of the investment management company's stock, valued at approximately $989,000.

Several other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC grew its holdings in 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 worth $45,000 after acquiring an additional 1,690 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after purchasing an additional 688 shares during the period. Hurley Capital LLC bought a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $50,000. Blue Trust Inc. increased its holdings 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 raised its stake in Golub Capital BDC by 84.5% in the first 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 in the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on GBDC shares. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced 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 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 research note on Tuesday, May 6th. Finally, Wells Fargo & Company reduced their price target on 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Insider Buying and Selling

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.60% of the company's stock.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $14.78 on Friday. The stock has a 50-day moving average of $14.75 and a two-hundred day moving average of $14.94. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.08. 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 stock has a market cap of $3.94 billion, a P/E ratio of 13.08 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Monday, May 5th. The investment management company reported $0.39 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 analyst estimates of $223.89 million. During the same period last year, the firm earned $0.55 EPS. As a group, research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.56%. Golub Capital BDC's dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.