Hirtle Callaghan & Co LLC Has $12.78 Million Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• Hirtle Callaghan & Co LLC has reduced its stake in Golub Capital BDC, Inc. by 7.0%, now owning 844,348 shares, which constitutes about 0.5% of its investment portfolio.
• Chairman Lawrence E. Golub significantly increased his ownership by purchasing over 6 million shares for approximately $91.7 million at an average price of $15.13 per share.
• Golub Capital BDC has declared a quarterly dividend of $0.39, which represents a yield of 10.6%, with the ex-dividend date set for September 15th.

Hirtle Callaghan & Co LLC lowered its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 844,348 shares of the investment management company's stock after selling 63,635 shares during the period. Golub Capital BDC accounts for 0.5% of Hirtle Callaghan & Co LLC's portfolio, making the stock its 23rd biggest holding. Hirtle Callaghan & Co LLC owned about 0.32% of Golub Capital BDC worth $12,783,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GBDC. Allen Investment Management LLC lifted its holdings in Golub Capital BDC by 11.9% in the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock valued at $62,615,000 after acquiring an additional 441,050 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Golub Capital BDC by 4.2% in the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after acquiring an additional 128,457 shares during the last quarter. Sage Mountain Advisors LLC lifted its holdings in Golub Capital BDC by 9.4% in the 1st quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company's stock valued at $41,575,000 after acquiring an additional 236,613 shares during the last quarter. Bank of America Corp DE lifted its holdings in Golub Capital BDC by 77.8% in the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after acquiring an additional 968,525 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Golub Capital BDC by 168.0% in the 4th quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock valued at $28,945,000 after acquiring an additional 1,196,800 shares during the last quarter. Institutional investors own 42.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Bank of America reduced their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th.

Insider Buying and Selling

In other news, Chairman Lawrence E. Golub bought 6,059,971 shares of Golub Capital BDC stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the transaction, the chairman directly owned 6,059,971 shares in the company, valued at $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Golub Capital BDC Stock Up 0.6%

NASDAQ:GBDC traded up $0.10 during mid-day trading on Tuesday, reaching $14.89. The stock had a trading volume of 503,378 shares, compared to its average volume of 1,434,294. The business's 50 day moving average is $14.92 and its 200 day moving average is $14.91. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The stock has a market cap of $3.97 billion, a P/E ratio of 10.48 and a beta of 0.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%. The company had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. During the same quarter last year, the company posted $0.39 earnings per share. As a group, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is 109.86%.

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.