HighTower Advisors LLC Has $10.57 Million Stock Position in Golub Capital BDC, Inc. $GBDC

HighTower Advisors LLC grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 697,916 shares of the investment management company's stock after purchasing an additional 49,663 shares during the quarter. HighTower Advisors LLC owned about 0.26% of Golub Capital BDC worth $10,566,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. VSM Wealth Advisory LLC grew its position in shares of Golub Capital BDC by 102.0% in the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. Future Financial Wealth Managment LLC grew its position in shares of 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 valued at $45,000 after purchasing an additional 1,690 shares during the last quarter. Optiver Holding B.V. grew its position in shares of Golub Capital BDC by 28.7% in 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. Hexagon Capital Partners LLC grew its position in shares of Golub Capital BDC by 31.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock valued at $55,000 after purchasing an additional 868 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Golub Capital BDC by 794.3% in the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after purchasing an additional 5,330 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

GBDC stock traded up $0.1250 during trading on Friday, reaching $14.7450. 272,364 shares of the stock were exchanged, compared to its average volume of 1,412,384. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The stock has a 50 day simple moving average of $14.86 and a 200-day simple moving average of $14.87. The company has a market capitalization of $3.93 billion, a P/E ratio of 10.38 and a beta of 0.51. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same period in the previous year, the business earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC's payout ratio is presently 109.86%.

Analyst Ratings Changes

GBDC has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price 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. Bank of America decreased their target price on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the acquisition, the chairman owned 6,059,971 shares of the company's stock, valued at $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.