Pasadena Private Wealth LLC Buys New Position in 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 bought a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,000 shares of the investment management company's stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Onyx Bridge Wealth Group LLC grew its holdings in Golub Capital BDC by 65.0% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock worth $1,721,000 after acquiring an additional 44,760 shares during the last quarter. Sigma Investment Counselors Inc. bought a new stake in Golub Capital BDC during the 1st quarter worth about $10,935,000. Oppenheimer & Co. Inc. grew its holdings in Golub Capital BDC by 98.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock worth $595,000 after acquiring an additional 19,496 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Golub Capital BDC by 60.6% during the 4th quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after acquiring an additional 52,155 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in Golub Capital BDC by 24.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after acquiring an additional 2,541 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GBDC shares. Wells Fargo & Company reduced their price objective on shares of 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. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. 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 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 on the stock 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's stock. According to data from MarketBeat, Golub Capital BDC presently has an average rating of "Moderate Buy" and an average price target of $15.50.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of Golub Capital BDC stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $15.13 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is owned by insiders.

Golub Capital BDC Stock Up 0.2%

Shares of GBDC traded up $0.03 during trading hours on Monday, reaching $14.75. The stock had a trading volume of 495,844 shares, compared to its average volume of 1,448,393. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The firm has a 50-day simple moving average of $14.96 and a 200 day simple 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. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 13.06 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 10.59% and a net margin of 35.50%. The business had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Equities research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC 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.