Schechter Investment Advisors LLC Boosts Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Schechter Investment Advisors LLC grew its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 44.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 325,337 shares of the investment management company's stock after purchasing an additional 100,000 shares during the period. Schechter Investment Advisors LLC owned approximately 0.12% of Golub Capital BDC worth $4,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. Future Financial Wealth Managment LLC increased its position in Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after purchasing an additional 1,690 shares during the period. Optiver Holding B.V. lifted its stake in Golub Capital BDC by 28.7% in 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 in the last quarter. Hurley Capital LLC purchased a new stake in Golub Capital BDC in the 4th quarter valued at approximately $50,000. Hexagon Capital Partners LLC lifted its stake in 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 valued at $55,000 after buying an additional 868 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Golub Capital BDC by 794.3% in the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock valued at $91,000 after buying an additional 5,330 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Trading Up 1.1%

Shares of GBDC stock traded up $0.16 on Wednesday, reaching $15.32. 1,124,522 shares of the stock were exchanged, compared to its average volume of 1,433,591. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.01. The stock has a market cap of $4.08 billion, a P/E ratio of 13.56 and a beta of 0.51. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $14.86 and a two-hundred day moving average of $14.93.

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 company had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued 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 10.18%. Golub Capital BDC's dividend payout ratio is currently 138.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. 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. Bank of America cut their price target on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a report on Monday, May 12th. Keefe, Bruyette & Woods cut their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.50.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the acquisition, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company's stock.

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.