Hennion & Walsh Asset Management Inc. Grows Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hennion & Walsh Asset Management Inc. grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 34.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,748 shares of the investment management company's stock after purchasing an additional 84,129 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.12% of Golub Capital BDC worth $4,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its position in Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after purchasing an additional 1,921 shares during the last quarter. Future Financial Wealth Managment LLC grew its holdings in Golub Capital BDC by 130.0% during the 1st 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 grew its holdings in Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after acquiring an additional 827 shares in the last quarter. Optiver Holding B.V. grew its holdings in Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after acquiring an additional 688 shares in the last quarter. Finally, Hurley Capital LLC bought a new position in Golub Capital BDC during the 4th quarter worth about $50,000. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Performance

GBDC stock traded up $0.08 during trading on Friday, reaching $15.12. The company had a trading volume of 714,470 shares, compared to its average volume of 1,453,172. The firm has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $15.02. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 10.96 and a beta of 0.52. 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, Inc. has a twelve month low of $12.68 and a twelve month high of $16.24.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The company had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same quarter last year, the business earned $0.55 earnings per share. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 10.32%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio is presently 138.05%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the business's stock in a transaction that occurred on 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 acquisition, the chairman now owns 6,059,971 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by 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.