Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,746,062 shares of the investment management company's stock after acquiring an additional 236,613 shares during the period. Golub Capital BDC makes up 3.1% of Sage Mountain Advisors LLC's investment portfolio, making the stock its 7th largest position. Sage Mountain Advisors LLC owned about 1.03% of Golub Capital BDC worth $41,575,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Onyx Bridge Wealth Group LLC raised its holdings in Golub Capital BDC by 65.0% in the first 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 position in Golub Capital BDC in the first quarter valued at approximately $10,935,000. Oppenheimer & Co. Inc. raised its holdings in Golub Capital BDC by 98.6% in the first 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 raised its holdings in Golub Capital BDC by 60.6% in the fourth 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 raised its holdings in Golub Capital BDC by 24.1% in the first 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 institutional investors and hedge funds.

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 stock was acquired at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the transaction, the chairman owned 6,059,971 shares of the company's stock, valued at $91,687,361.23. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company's stock.

Golub Capital BDC Stock Down 0.2%

Shares of GBDC traded down $0.04 during mid-day trading on Friday, reaching $15.45. 1,429,142 shares of the stock traded hands, compared to its average volume of 1,436,378. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 13.68 and a beta of 0.51. The stock has a fifty day simple moving average of $14.90 and a 200 day simple moving average of $14.94. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.01. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.19.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted 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). The firm had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. During the same quarter in the prior year, the business earned $0.55 EPS. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.10%. Golub Capital BDC's dividend payout ratio is currently 138.05%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut 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. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Bank of America dropped their price objective 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

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.