Cetera Investment Advisers Grows Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• Cetera Investment Advisers increased its holdings in Golub Capital BDC by 18.9%, acquiring a total of 111,756 shares valued at approximately $1.69 million.
• Chairman Lawrence E. Golub made a significant purchase of 6,059,971 shares, totaling over $91 million, boosting his ownership stake in the company.
• Golub Capital BDC reported earnings per share of $0.39 for the last quarter, slightly surpassing estimates, and has announced a quarterly dividend of $0.39 per share.

Cetera Investment Advisers lifted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 18.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,756 shares of the investment management company's stock after acquiring an additional 17,758 shares during the period. Cetera Investment Advisers' holdings in Golub Capital BDC were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in shares of Golub Capital BDC by 4.2% during the first quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after acquiring an additional 128,457 shares during the period. Sage Mountain Advisors LLC raised its holdings in shares of Golub Capital BDC by 9.4% during the first quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company's stock valued at $41,575,000 after acquiring an additional 236,613 shares during the period. Bank of America Corp DE raised its holdings in shares of Golub Capital BDC by 77.8% during the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after acquiring an additional 968,525 shares during the period. Millennium Management LLC raised its holdings in shares of Golub Capital BDC by 168.0% during the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock valued at $28,945,000 after acquiring an additional 1,196,800 shares during the period. Finally, Arnhold LLC increased its stake in Golub Capital BDC by 2.4% in the 4th quarter. Arnhold LLC now owns 1,412,589 shares of the investment management company's stock valued at $21,415,000 after buying an additional 32,500 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America decreased 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 report 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 decreased 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.

Golub Capital BDC Trading Down 0.2%

NASDAQ GBDC traded down $0.03 during trading hours on Wednesday, reaching $14.84. The company's stock had a trading volume of 439,069 shares, compared to its average volume of 1,431,166. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The firm has a fifty day simple moving average of $14.91 and a 200-day simple moving average of $14.91. The stock has a market cap of $3.95 billion, a P/E ratio of 10.45 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced 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 company had revenue of $218.34 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.39 EPS. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC's payout ratio is 109.86%.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of 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 filing with the SEC, which is available through this hyperlink. Company insiders own 3.60% of the company's stock.

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.