Schechter Investment Advisors LLC Purchases 100,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Schechter Investment Advisors LLC raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 44.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,337 shares of the investment management company's stock after acquiring an additional 100,000 shares during the quarter. Schechter Investment Advisors LLC owned about 0.12% of Golub Capital BDC worth $4,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GBDC. Bank of New York Mellon Corp increased its position in Golub Capital BDC by 64.2% in the 4th quarter. Bank of New York Mellon Corp now owns 114,670 shares of the investment management company's stock valued at $1,738,000 after acquiring an additional 44,815 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Golub Capital BDC in the fourth quarter valued at about $787,000. Raymond James Financial Inc. acquired a new position in Golub Capital BDC in the fourth quarter valued at about $4,470,000. Wealthfront Advisers LLC grew its stake in Golub Capital BDC by 108.0% in the fourth quarter. Wealthfront Advisers LLC now owns 27,633 shares of the investment management company's stock valued at $419,000 after acquiring an additional 14,351 shares during the period. Finally, HighTower Advisors LLC grew its stake in Golub Capital BDC by 7.0% in the fourth quarter. HighTower Advisors LLC now owns 648,253 shares of the investment management company's stock valued at $9,828,000 after acquiring an additional 42,238 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Analysts Set New Price Targets

GBDC has been the subject of a number of research analyst reports. Bank of America decreased their target price on 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 raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Wells Fargo & Company dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Two investment 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.com, Golub Capital BDC has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Insider Buying and Selling

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the transaction, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company's stock.

Golub Capital BDC Trading Down 0.2%

Shares of NASDAQ:GBDC traded down $0.04 during midday trading on Monday, reaching $15.17. The company's stock had a trading volume of 212,356 shares, compared to its average volume of 1,428,825. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 13.45 and a beta of 0.51. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a 50 day moving average price of $14.81 and a two-hundred day moving average price of $14.93. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.01.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued 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). The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.55 earnings per share. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.29%. Golub Capital BDC's payout ratio is 138.05%.

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.