Boston Partners Grows Position in Golub Capital BDC, Inc. $GBDC

Key Points

• Boston Partners has increased its position in Golub Capital BDC by 19.6%, now owning over 1.1 million shares valued at approximately $16.66 million.
• Golub Capital BDC recently announced a quarterly dividend of $0.39 per share, which leads to an annualized yield of 10.6%.
• Wall Street analysts have mixed views on Golub Capital BDC, with Bank of America lowering its price target from $16.50 to $15.50, while Wells Fargo reduced its target to $14.00.

Boston Partners boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 19.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,119,863 shares of the investment management company's stock after buying an additional 183,828 shares during the quarter. Boston Partners owned approximately 0.42% of Golub Capital BDC worth $16,660,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC boosted its position in Golub Capital BDC by 65.0% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock valued at $1,721,000 after buying an additional 44,760 shares during the period. Sigma Investment Counselors Inc. purchased a new stake in Golub Capital BDC in the 1st quarter valued at about $10,935,000. Oppenheimer & Co. Inc. boosted its position in Golub Capital BDC by 98.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock valued at $595,000 after buying an additional 19,496 shares during the period. BNP Paribas Financial Markets boosted its position in Golub Capital BDC by 60.6% in the 4th quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock valued at $2,095,000 after buying an additional 52,155 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position 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 owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Down 0.4%

Shares of NASDAQ GBDC traded down $0.0550 during trading hours on Thursday, hitting $14.6650. 578,603 shares of the stock were exchanged, compared to its average volume of 1,413,976. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. The company has a market cap of $3.91 billion, a PE ratio of 10.32 and a beta of 0.51. The firm has a fifty day moving average price of $14.87 and a 200-day moving average price of $14.88. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $218.34 million during the quarter, compared to analyst estimates of $215.47 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. During the same quarter in the previous year, the business posted $0.39 EPS. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

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

Analysts Set New Price Targets

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 report on Monday, April 28th. Bank of America lowered their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Golub Capital BDC has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Insider Activity at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 6,059,971 shares of Golub Capital BDC 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 $91,687,361.23. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by company insiders.

About Golub Capital BDC

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.