Next Capital Management LLC Decreases Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Next Capital Management LLC reduced its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 41.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,953 shares of the investment management company's stock after selling 240,923 shares during the period. Golub Capital BDC comprises about 2.5% of Next Capital Management LLC's investment portfolio, making the stock its 10th largest holding. Next Capital Management LLC owned 0.13% of Golub Capital BDC worth $5,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. VSM Wealth Advisory LLC boosted its position in 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 purchasing an additional 1,295 shares during the last quarter. Future Financial Wealth Managment LLC boosted its position in 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 purchasing an additional 1,690 shares during the last quarter. Optiver Holding B.V. boosted its position 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 purchasing an additional 688 shares during the last quarter. Hurley Capital LLC acquired a new position in Golub Capital BDC during the fourth quarter valued at approximately $50,000. Finally, Hexagon Capital Partners LLC boosted its position in 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 owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Golub Capital BDC Stock Performance

NASDAQ:GBDC remained flat at $15.36 during mid-day trading on Friday. The company had a trading volume of 782,541 shares, compared to its average volume of 1,239,210. The stock has a market cap of $4.09 billion, a PE ratio of 13.59 and a beta of 0.51. The stock's fifty day moving average price is $14.96 and its 200-day moving average price is $14.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. Golub Capital BDC had a return on equity of 10.59% and a net margin of 35.50%. During the same period in the previous year, the business posted $0.55 earnings per share. On average, analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.16%. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

Analyst Upgrades and Downgrades

GBDC has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on 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. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America dropped their price objective on 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Golub Capital BDC has an average rating of "Moderate Buy" and a consensus price target of $15.50.

About Golub Capital BDC

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.