Haven Private LLC Sells 21,683 Shares of 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 cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 67.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,630 shares of the investment management company's stock after selling 21,683 shares during the period. Haven Private LLC's holdings in Golub Capital BDC were worth $161,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. VSM Wealth Advisory LLC raised its holdings in shares of Golub Capital BDC by 102.0% during the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock valued at $39,000 after buying an additional 1,295 shares during the last quarter. Future Financial Wealth Managment LLC raised its position in shares of Golub Capital BDC by 130.0% during the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after buying an additional 1,690 shares during the last quarter. Optiver Holding B.V. raised its position in shares of Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after buying an additional 688 shares during the last quarter. Hurley Capital LLC acquired a new position in Golub Capital BDC in the fourth quarter worth about $50,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Golub Capital BDC by 31.6% during the first 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 last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of analyst reports. Bank of America decreased their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company decreased their price objective 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, 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.50.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded down $0.02 during midday trading on Thursday, hitting $14.77. The company's stock had a trading volume of 345,708 shares, compared to its average volume of 1,441,786. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00. The company has a market cap of $3.93 billion, a P/E ratio of 10.40 and a beta of 0.51. The business's 50 day simple moving average is $14.94 and its 200 day simple moving average is $14.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 3.01 and a current ratio of 2.37.

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 earnings per share for the quarter, beating 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 firm had revenue of $218.34 million during the quarter, compared to analysts' expectations of $215.47 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 10.6%. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman owned 6,059,971 shares in the company, valued at $91,687,361.23. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.60% of the stock is owned by company 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.