Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by NBT Bank N A NY

NBT Bank N A NY cut its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 39.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GBDC. BNP Paribas Financial Markets raised its holdings in Golub Capital BDC by 60.6% during the 4th quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after buying an additional 52,155 shares during the period. Wealthspire Advisors LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter worth approximately $296,000. Focus Partners Wealth purchased a new position in shares of Golub Capital BDC in the fourth quarter worth approximately $405,000. Atria Investments Inc raised its holdings in shares of Golub Capital BDC by 912.0% during the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock valued at $14,907,000 after acquiring an additional 886,123 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Golub Capital BDC by 172.0% in the 4th quarter. Truist Financial Corp now owns 31,788 shares of the investment management company's stock valued at $482,000 after acquiring an additional 20,101 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of Golub Capital BDC stock in a transaction that occurred on 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 purchase, the chairman now owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Golub Capital BDC Trading Up 0.6%

Shares of NASDAQ:GBDC opened at $14.54 on Wednesday. The firm has a fifty day moving average of $14.60 and a two-hundred day moving average of $15.00. The firm has a market capitalization of $3.87 billion, a P/E ratio of 12.87 and a beta of 0.52. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.08. 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 released 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). 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 for the quarter, compared to analyst estimates of $223.89 million. During the same period in the previous year, the business posted $0.55 EPS. On average, equities analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.73%. Golub Capital BDC's payout ratio is 138.05%.

Analysts Set New Price Targets

Several equities analysts have weighed in on GBDC shares. Keefe, Bruyette & Woods lowered their price objective on shares of 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 Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Bank of America decreased their price objective on 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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