Muzinich & Co. Inc. Has $14.14 Million Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Muzinich & Co. Inc. increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 28.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933,787 shares of the investment management company's stock after buying an additional 205,422 shares during the period. Golub Capital BDC accounts for 8.0% of Muzinich & Co. Inc.'s portfolio, making the stock its 4th largest position. Muzinich & Co. Inc. owned approximately 0.35% of Golub Capital BDC worth $14,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GBDC. Onyx Bridge Wealth Group LLC grew its holdings 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 purchasing an additional 44,760 shares during the period. Sigma Investment Counselors Inc. purchased a new stake in Golub Capital BDC in the first quarter worth about $10,935,000. Oppenheimer & Co. Inc. grew its holdings in Golub Capital BDC by 98.6% in the first 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 Golub Capital BDC by 60.6% in the fourth 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. Finally, Cornerstone Wealth Management LLC grew its holdings in Golub Capital BDC by 24.1% in the first quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after purchasing an additional 2,541 shares during the period. 42.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GBDC. Wells Fargo & Company cut their price target 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. Bank of America cut 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 report on Monday, May 12th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Golub Capital BDC has an average rating of "Moderate Buy" and an average price target of $15.50.

Golub Capital BDC Price Performance

GBDC traded down $0.19 during trading on Monday, hitting $15.26. 419,389 shares of the company traded hands, compared to its average volume of 1,437,314. The company has a market cap of $4.06 billion, a PE ratio of 13.51 and a beta of 0.51. The stock's 50-day simple moving average is $14.92 and its two-hundred day simple moving average is $14.93. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.01. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.19.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $211.10 million during the quarter, compared to analysts' expectations of $223.89 million. During the same period in the previous year, the business earned $0.55 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 fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.39 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.23%. Golub Capital BDC's payout ratio is currently 138.05%.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the company's stock in a transaction on 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 purchase, the chairman directly 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 document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by insiders.

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.