LPL Financial LLC Grows Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• LPL Financial LLC increased its stake in Golub Capital BDC, Inc. by 16.1%, owning 424,266 shares valued at approximately $6.4 million after acquiring additional shares in the first quarter.
• Golub Capital BDC announced a quarterly dividend of $0.39 per share, reflecting an annualized dividend yield of 10.5%, set to be paid on September 29th.
• Despite fluctuations, analysts project Golub Capital BDC will post an earnings per share (EPS) of 1.6 for the current year, while recent reports indicate mixed ratings from financial institutions regarding its stock value.

LPL Financial LLC increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 16.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 424,266 shares of the investment management company's stock after buying an additional 58,907 shares during the period. LPL Financial LLC owned 0.16% of Golub Capital BDC worth $6,423,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GBDC. VSM Wealth Advisory LLC lifted its holdings 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 in the last quarter. Future Financial Wealth Managment LLC lifted its holdings 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 in the last quarter. Optiver Holding B.V. lifted its holdings 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 in the last quarter. Hexagon Capital Partners LLC lifted its holdings 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 in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Golub Capital BDC by 794.3% during the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after purchasing an additional 5,330 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the transaction, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in 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 decreased 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 research note on Monday, May 12th. Finally, Wells Fargo & Company decreased 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 research note on Monday, April 28th.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded down $0.06 during midday trading on Friday, hitting $14.74. The company's stock had a trading volume of 600,918 shares, compared to its average volume of 1,074,416. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00. The company has a market cap of $3.93 billion, a P/E ratio of 10.38 and a beta of 0.51. The business's 50 day simple moving average is $14.90 and its 200 day simple moving average is $14.89. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The firm had revenue of $218.34 million during the quarter, compared to analysts' expectations of $215.47 million. During the same period last year, the business earned $0.39 earnings per share. On average, analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is presently 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.