Onyx Bridge Wealth Group LLC Buys 44,760 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Onyx Bridge Wealth Group LLC grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 65.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,646 shares of the investment management company's stock after acquiring an additional 44,760 shares during the period. Onyx Bridge Wealth Group LLC's holdings in Golub Capital BDC were worth $1,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GBDC. Bank of New York Mellon Corp lifted its stake in shares of Golub Capital BDC by 64.2% in the fourth quarter. Bank of New York Mellon Corp now owns 114,670 shares of the investment management company's stock worth $1,738,000 after buying an additional 44,815 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Golub Capital BDC by 84.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 19,775 shares of the investment management company's stock worth $300,000 after buying an additional 9,069 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter worth $787,000. Raymond James Financial Inc. acquired a new stake in shares of Golub Capital BDC in the fourth quarter worth $4,470,000. Finally, Haven Private LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter worth $490,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

NASDAQ:GBDC traded up $0.11 during trading hours on Friday, hitting $14.78. 669,003 shares of the company traded hands, compared to its average volume of 1,441,749. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 13.08 and a beta of 0.51. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.08. The firm has a 50-day moving average of $14.75 and a 200 day moving average of $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 (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The business had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same period last year, the firm earned $0.55 EPS. On average, analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date of this dividend was Friday, June 13th. Golub Capital BDC's dividend payout ratio is 138.05%.

Insider Activity

In other news, Chairman Lawrence E. Golub bought 6,059,971 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $15.13 per share, with a total value 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GBDC. Bank of America reduced their price objective on shares of 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 upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. 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 note on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.