Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by LGT Capital Partners LTD.

Key Points

• LGT Capital Partners LTD. increased its stake in Golub Capital BDC by 38.9%, acquiring an additional 252,000 shares during the first quarter, bringing its total ownership to 900,000 shares valued at approximately $13.6 million.
• Golub Capital BDC missed earnings expectations, reporting $0.39 earnings per share, falling short of the consensus estimate of $0.41, with a revenue of $211.1 million for the quarter.
• Insider transactions reported include Chairman Lawrence E. Golub purchasing over 6 million shares for about $91.7 million, significantly increasing his ownership stake in the company.

LGT Capital Partners LTD. raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 38.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 900,000 shares of the investment management company's stock after purchasing an additional 252,000 shares during the quarter. LGT Capital Partners LTD. owned 0.34% of Golub Capital BDC worth $13,626,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Signature Wealth Management Partners LLC bought a new stake in shares of Golub Capital BDC during the first quarter worth $169,000. Pasadena Private Wealth LLC bought a new stake in shares of Golub Capital BDC during the 1st quarter worth $545,000. Ironsides Asset Advisors LLC acquired a new position in Golub Capital BDC in the 1st quarter valued at approximately $196,000. Foundations Investment Advisors LLC boosted its position in Golub Capital BDC by 74.3% during the first quarter. Foundations Investment Advisors LLC now owns 28,343 shares of the investment management company's stock valued at $429,000 after acquiring an additional 12,079 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $499,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Stock Down 0.4%

NASDAQ:GBDC traded down $0.06 on Thursday, hitting $14.73. 243,377 shares of the company's stock traded hands, compared to its average volume of 1,440,984. The company has a market cap of $3.92 billion, a PE ratio of 10.36 and a beta of 0.51. The firm has a 50-day moving average price of $14.94 and a 200-day moving average price of $14.93. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.00. The company has a current ratio of 2.37, a quick ratio of 3.01 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million for the quarter, compared to analyst estimates of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%. During the same quarter last year, the firm posted $0.39 earnings per share. Equities analysts anticipate 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 Monday, September 29th. Shareholders of record on Monday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

Insiders Place Their Bets

In related 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 purchased at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GBDC has been the topic of a number of research analyst reports. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Bank of America dropped 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

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.