Pasadena Private Wealth LLC Buys Shares of 36,000 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Key Points

• Pasadena Private Wealth LLC has acquired a new position in Golub Capital BDC by purchasing 36,000 shares, valued at approximately $545,000.
• Multiple investors, including VSM Wealth Advisory LLC and Future Financial Wealth Management LLC, have significantly increased their stakes in Golub Capital BDC during the first quarter of the year.
• Golub Capital BDC reported earnings of $0.39 per share for the last quarter, falling short of analysts' expectations, with a dividend of $0.39 recently paid that represents a yield of 10.46%.

Pasadena Private Wealth LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 36,000 shares of the investment management company's stock, valued at approximately $545,000.

Other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC lifted its holdings in Golub Capital BDC by 102.0% in the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock worth $39,000 after purchasing an additional 1,295 shares during the period. Future Financial Wealth Managment LLC increased its stake in shares of Golub Capital BDC by 130.0% during the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock valued at $45,000 after acquiring an additional 1,690 shares during the period. Optiver Holding B.V. raised its holdings in Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after purchasing an additional 688 shares in the last quarter. Hurley Capital LLC acquired a new stake in Golub Capital BDC in the fourth quarter worth approximately $50,000. Finally, Hexagon Capital Partners LLC raised its stake in shares of Golub Capital BDC by 31.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after buying an additional 868 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Golub Capital BDC Trading Down 1.6%

Shares of GBDC traded down $0.24 during midday trading on Friday, hitting $14.72. The stock had a trading volume of 1,173,467 shares, compared to its average volume of 1,062,213. The business has a 50-day simple moving average of $14.96 and a two-hundred day simple moving average of $14.94. The firm has a market cap of $3.92 billion, a P/E ratio of 13.03 and a beta of 0.51. 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 fifty-two week low of $12.68 and a fifty-two week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its 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 firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same period last year, the firm earned $0.55 earnings per share. As a group, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

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.