Hennion & Walsh Asset Management Inc. Has $4.99 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 34.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 329,748 shares of the investment management company's stock after acquiring an additional 84,129 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.12% of Golub Capital BDC worth $4,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GBDC. BNP Paribas Financial Markets boosted its stake 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 valued at $2,095,000 after purchasing an additional 52,155 shares in the last quarter. Barclays PLC lifted its holdings in shares of Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after buying an additional 59,443 shares during the period. Wealthspire Advisors LLC bought a new position in Golub Capital BDC during the fourth quarter valued at about $296,000. Focus Partners Wealth bought a new stake in Golub Capital BDC in the fourth quarter worth about $405,000. Finally, Atria Investments Inc lifted its stake in 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 purchasing an additional 886,123 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the transaction, the chairman now directly owns 6,059,971 shares in the company, valued at $91,687,361.23. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company's stock.

Golub Capital BDC Stock Up 0.3%

Shares of Golub Capital BDC stock traded up $0.04 during trading on Thursday, hitting $15.04. 728,498 shares of the stock traded hands, compared to its average volume of 1,455,161. The stock has a market cap of $4.01 billion, a P/E ratio of 10.90 and a beta of 0.55. The company has a fifty day moving average price of $14.46 and a two-hundred day moving average price of $15.03. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results 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 39.63% and a return on equity of 11.18%. The business had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same quarter last year, the firm earned $0.55 earnings per share. Equities research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio is presently 138.05%.

Analyst Upgrades and Downgrades

GBDC has been the topic of a number of recent research reports. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company 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. Finally, Bank of America decreased their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.