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

Other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its stake in Golub Capital BDC by 28.7% in 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 during the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of Golub Capital BDC by 0.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock worth $2,839,000 after acquiring an additional 814 shares during the period. Sowell Financial Services LLC grew its position in shares of Golub Capital BDC by 6.0% in the first quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after purchasing an additional 848 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after purchasing an additional 868 shares in the last quarter. Finally, Amplius Wealth Advisors LLC grew its holdings in Golub Capital BDC by 1.8% during the 1st quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company's stock valued at $775,000 after buying an additional 926 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Down 0.3%

Shares of NASDAQ:GBDC traded down $0.05 on Thursday, reaching $14.73. 835,772 shares of the company traded hands, compared to its average volume of 1,445,286. The stock has a market capitalization of $3.92 billion, a P/E ratio of 10.37 and a beta of 0.51. The business's 50-day simple moving average is $14.94 and its 200 day simple moving average is $14.93. 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, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results 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. The business 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 period last year, the company earned $0.39 EPS. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors 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 10.6%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend payout ratio is currently 138.05%.

Analyst Ratings Changes

GBDC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Bank of America dropped their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

Insider Buying and Selling

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 6,059,971 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the acquisition, the chairman directly owned 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 document filed with the SEC, which is available at this hyperlink. 3.60% of the stock is owned by corporate insiders.

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.