Naviter Wealth LLC Acquires 27,412 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Naviter Wealth LLC raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,138 shares of the investment management company's stock after purchasing an additional 27,412 shares during the period. Naviter Wealth LLC owned 0.09% of Golub Capital BDC worth $3,616,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Golub Capital BDC in the fourth quarter worth approximately $19,145,000. Millennium Management LLC grew its stake 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 worth $28,945,000 after buying an additional 1,196,800 shares in the last quarter. Bank of America Corp DE grew its stake 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 worth $33,559,000 after buying an additional 968,525 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock worth $14,907,000 after buying an additional 886,123 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Golub Capital BDC by 38.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock worth $38,043,000 after buying an additional 701,594 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GBDC shares. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. 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. Bank of America reduced 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 report on Monday, May 12th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

Insider Activity

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

Golub Capital BDC Trading Up 1.2%

Shares of NASDAQ:GBDC traded up $0.17 on Wednesday, reaching $14.67. 1,402,786 shares of the company traded hands, compared to its average volume of 1,437,694. The stock has a market capitalization of $3.91 billion, a P/E ratio of 12.98 and a beta of 0.51. The business's 50-day simple moving average is $14.73 and its 200 day simple moving average is $14.94. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.19. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.08.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. During the same quarter in the prior year, the company earned $0.55 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.63%. The ex-dividend date was Friday, June 13th. Golub Capital BDC's dividend payout ratio is 138.05%.

Golub Capital BDC Company 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.