Haven Private LLC Has $161,000 Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• Haven Private LLC reduced its stake in Golub Capital BDC by 67.1%, now holding 10,630 shares valued at $161,000 after selling 21,683 shares in the first quarter.
• Chairman Lawrence E. Golub significantly increased his ownership by acquiring 6,059,971 shares at an average price of $15.13, totaling over $91 million.
• Analyst ratings show a mixed outlook with a consensus price target of $15.50, including both buy and hold ratings from various firms.

Haven Private LLC decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 67.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,630 shares of the investment management company's stock after selling 21,683 shares during the quarter. Haven Private LLC's holdings in Golub Capital BDC were worth $161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $19,145,000. Millennium Management LLC boosted its holdings in 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 worth $28,945,000 after buying an additional 1,196,800 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 worth $33,559,000 after buying an additional 968,525 shares in the last quarter. Sigma Investment Counselors Inc. bought a new stake in Golub Capital BDC during the first quarter worth approximately $10,935,000. Finally, Allen Investment Management LLC boosted its stake in Golub Capital BDC by 11.9% in the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock worth $62,615,000 after purchasing an additional 441,050 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock traded down $0.02 during trading on Wednesday, hitting $14.77. 365,754 shares of the company's stock traded hands, compared to its average volume of 1,444,411. The company has a market cap of $3.93 billion, a PE ratio of 10.42 and a beta of 0.51. 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 1.19, a current ratio of 3.01 and a quick ratio of 3.01. The firm's fifty day moving average price is $14.95 and its 200 day moving average price is $14.93.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its 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. 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 10.85%. During the same period in the previous year, the firm posted $0.39 earnings per share. Analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 10.6%. Golub Capital BDC's dividend payout ratio is presently 138.05%.

Insider Buying and Selling

In other news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on GBDC shares. 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 research note on Monday, May 12th. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. 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. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

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.