Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,015,305 shares of the investment management company's stock after selling 25,233 shares during the period. Golub Capital BDC comprises 4.2% of Lindbrook Capital LLC's portfolio, making the stock its 4th biggest position. Lindbrook Capital LLC owned about 1.14% of Golub Capital BDC worth $45,652,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GBDC. Future Financial Wealth Managment LLC raised its stake in Golub Capital BDC by 130.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after acquiring an additional 1,690 shares during the period. Optiver Holding B.V. raised its stake in Golub Capital BDC by 28.7% in 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 period. Hurley Capital LLC bought a new stake in Golub Capital BDC in the 4th quarter valued at $50,000. Hexagon Capital Partners LLC raised its stake in Golub Capital BDC by 31.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock valued at $55,000 after acquiring an additional 868 shares during the period. Finally, Blue Trust Inc. raised its stake in Golub Capital BDC by 794.3% in the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after acquiring an additional 5,330 shares during the period. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $15.44 on Friday. The business's fifty day simple moving average is $14.92 and its 200 day simple moving average is $14.94. The firm has a market capitalization of $4.11 billion, a P/E ratio of 13.66 and a beta of 0.51. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.01. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.19.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Bank of America decreased their price target 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. Finally, Wells Fargo & Company decreased 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 research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.50.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of the 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 owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.60% of the company's stock.

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.

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