Blair William & Co. IL Has $664,000 Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• Blair William & Co. IL increased its stake in Golub Capital BDC by 67.4%, acquiring an additional 17,650 shares, bringing their total ownership to 43,826 shares valued at $664,000.
• The company recently declared a $0.39 quarterly dividend with a yield of 10.5%, despite a payout ratio of 109.86%, indicating a potential concern over sustainability.
• Chairman Lawrence E. Golub purchased over 6 million shares at an average price of $15.13, significantly increasing his position in the company.

Blair William & Co. IL grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 67.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 43,826 shares of the investment management company's stock after acquiring an additional 17,650 shares during the period. Blair William & Co. IL's holdings in Golub Capital BDC were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Optiver Holding B.V. lifted its position in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after acquiring an additional 688 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after acquiring an additional 814 shares during the last quarter. Sowell Financial Services LLC raised its stake in Golub Capital BDC by 6.0% during the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after purchasing an additional 848 shares during the period. Hexagon Capital Partners LLC raised its stake in Golub Capital BDC by 31.6% during the 1st 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 period. Finally, Amplius Wealth Advisors LLC raised its stake in Golub Capital BDC by 1.8% during the 1st quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock valued at $775,000 after purchasing an additional 926 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the purchase, the chairman owned 6,059,971 shares of the company's stock, valued at $91,687,361.23. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.60% of the company's stock.

Golub Capital BDC Stock Up 0.2%

Shares of NASDAQ GBDC traded up $0.03 during mid-day trading on Friday, reaching $14.83. The company had a trading volume of 75,774 shares, compared to its average volume of 1,425,764. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market capitalization of $3.95 billion, a PE ratio of 10.45 and a beta of 0.51. The stock's 50 day moving average is $14.91 and its 200-day moving average is $14.90.

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

Golub Capital BDC Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on GBDC shares. 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. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Bank of America cut their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research note on Monday, May 12th.

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.