Northern Trust Corp Increases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Northern Trust Corp lifted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,559 shares of the investment management company's stock after purchasing an additional 16,904 shares during the quarter. Northern Trust Corp's holdings in Golub Capital BDC were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of GBDC. Blue Trust Inc. raised its position in Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after buying an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after buying an additional 827 shares during the period. Optiver Holding B.V. raised its holdings in Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after buying an additional 688 shares during the period. Hurley Capital LLC purchased a new stake in Golub Capital BDC during the 4th quarter valued at $50,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in Golub Capital BDC during the 4th quarter valued at $160,000. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Down 0.7%

Shares of GBDC traded down $0.10 during midday trading on Friday, reaching $15.18. 1,040,809 shares of the stock were exchanged, compared to its average volume of 1,462,111. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.76. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The company's 50 day moving average is $14.48 and its two-hundred day moving average is $15.03. The company has a market capitalization of $4.04 billion, a P/E ratio of 11.00 and a beta of 0.55.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same period in the previous year, the company posted $0.55 EPS. On average, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's payout ratio is currently 138.05%.

Insider Activity at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the transaction, the chairman now directly owns 6,059,971 shares in the company, valued at $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on GBDC shares. 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 reduced their target price on 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. Wells Fargo & Company reduced their target price on 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. Finally, Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.50.

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.