Muzinich & Co. Inc. boosted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 28.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 933,787 shares of the investment management company's stock after acquiring an additional 205,422 shares during the period. Golub Capital BDC comprises approximately 8.0% of Muzinich & Co. Inc.'s holdings, making the stock its 4th biggest holding. Muzinich & Co. Inc. owned 0.35% of Golub Capital BDC worth $14,138,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Golub Capital BDC by 64.2% during the 4th quarter. Bank of New York Mellon Corp now owns 114,670 shares of the investment management company's stock worth $1,738,000 after acquiring an additional 44,815 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Golub Capital BDC during the 4th quarter worth about $787,000. Raymond James Financial Inc. purchased a new position in shares of Golub Capital BDC during the 4th quarter worth about $4,470,000. Avantax Advisory Services Inc. purchased a new position in shares of Golub Capital BDC during the 4th quarter worth about $179,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Golub Capital BDC by 7.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 116,328 shares of the investment management company's stock worth $1,764,000 after acquiring an additional 7,727 shares during the period. 42.38% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Golub Capital BDC
In other news, Chairman Lawrence E. Golub acquired 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, with a total value of $91,687,361.23. Following the transaction, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
GBDC has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Bank of America lowered 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 raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.50.
Read Our Latest Stock Report on Golub Capital BDC
Golub Capital BDC Stock Up 0.4%
Golub Capital BDC stock traded up $0.07 during trading on Friday, reaching $15.55. 647,853 shares of the company's stock were exchanged, compared to its average volume of 1,433,151. The company's 50-day moving average is $14.90 and its two-hundred day moving average is $14.94. 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 52-week low of $12.68 and a 52-week high of $16.01. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 13.76 and a beta of 0.51.
Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share 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 for the quarter, compared to analysts' expectations of $223.89 million. During the same period last year, the company posted $0.55 earnings per share. On average, analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.
Golub Capital BDC Announces Dividend
The company 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. This represents a $1.56 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend was Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.
About Golub Capital BDC
(
Free Report)
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.
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