LSV Asset Management Trims Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• LSV Asset Management reduced its stake in Golub Capital BDC by 5.3% in Q1, holding approximately $18.72 million in the company.
• Insider trading revealed that Chairman Lawrence E. Golub purchased over 6 million shares for approximately $91.7 million, significantly increasing his ownership in the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Golub Capital BDC, with a price target adjustment to $15.50 amidst recent earnings reports.

LSV Asset Management lessened its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,236,218 shares of the investment management company's stock after selling 68,800 shares during the period. LSV Asset Management owned 0.47% of Golub Capital BDC worth $18,716,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Allen Investment Management LLC increased its position 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 period. Sound Income Strategies LLC increased its position 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 period. Sage Mountain Advisors LLC increased its position 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 period. JPMorgan Chase & Co. increased its position in Golub Capital BDC by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock worth $36,169,000 after purchasing an additional 49,519 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Golub Capital BDC by 77.8% during the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock worth $33,559,000 after buying an additional 968,525 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GBDC shares. Bank of America cut their target price on 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. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company cut their target price on 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.

Golub Capital BDC Price Performance

Shares of GBDC traded up $0.09 on Friday, reaching $14.82. The stock had a trading volume of 609,305 shares, compared to its average volume of 1,439,753. The firm has a market capitalization of $3.95 billion, a PE ratio of 10.43 and a beta of 0.51. The company has a quick ratio of 3.01, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average of $14.93 and a 200 day moving average of $14.92. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The business had revenue of $218.34 million for the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $0.39 EPS. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend payout ratio is 109.86%.

Insider Buying and Selling

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of the stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the acquisition, the chairman owned 6,059,971 shares in the company, valued at $91,687,361.23. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.60% of the company's stock.

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.