Redhawk Wealth Advisors Inc. Buys 17,439 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Redhawk Wealth Advisors Inc. increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 38.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,082 shares of the investment management company's stock after buying an additional 17,439 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Golub Capital BDC were worth $955,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in shares of Golub Capital BDC by 60.6% during 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 in the last quarter. Barclays PLC grew its holdings in shares of Golub Capital BDC by 45.5% during the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after purchasing an additional 59,443 shares during the last quarter. Wealthspire Advisors LLC bought a new position in Golub Capital BDC in the 4th quarter worth approximately $296,000. Focus Partners Wealth bought a new position in Golub Capital BDC in the 4th quarter worth approximately $405,000. Finally, Atria Investments Inc lifted its position in Golub Capital BDC by 912.0% in the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock worth $14,907,000 after purchasing an additional 886,123 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC stock traded down $0.01 on Thursday, reaching $15.21. The stock had a trading volume of 1,458,540 shares, compared to its average volume of 1,440,960. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 11.02 and a beta of 0.52. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.08. The firm's 50-day moving average is $14.50 and its two-hundred day moving average is $15.02.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same period last year, the business earned $0.55 earnings per share. On average, research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.26%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is currently 138.05%.

Analyst Ratings Changes

GBDC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Bank of America lowered 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 report on Monday, May 12th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Golub Capital BDC presently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the purchase, the chairman now owns 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently 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.