NBT Bank N A NY Sells 30,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

NBT Bank N A NY trimmed its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,287 shares of the investment management company's stock after selling 30,000 shares during the period. NBT Bank N A NY's holdings in Golub Capital BDC were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC raised its holdings 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 worth $45,000 after acquiring an additional 1,690 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after buying an additional 827 shares in the last quarter. Optiver Holding B.V. raised its holdings in 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 in the last quarter. Hurley Capital LLC bought a new position in Golub Capital BDC during the fourth quarter valued at about $50,000. Finally, Empowered Funds LLC bought a new position in Golub Capital BDC during the fourth quarter valued at about $173,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC traded down $0.10 during mid-day trading on Friday, hitting $14.61. The company's stock had a trading volume of 1,015,799 shares, compared to its average volume of 1,418,647. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.08. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $3.89 billion, a PE ratio of 12.93 and a beta of 0.52. The stock's 50-day moving average is $14.66 and its two-hundred day moving average is $14.98.

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 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 business had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several recent research reports. Bank of America cut their target price on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Keefe, Bruyette & Woods cut their target price on 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 target price on 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. Finally, Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

Insider Buying and Selling

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the acquisition, the chairman now owns 6,059,971 shares of the company's stock, valued at $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by company insiders.

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.