Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 922,333 shares of the investment management company's stock after purchasing an additional 211,979 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.35% of Golub Capital BDC worth $13,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Golub Capital BDC during the 1st quarter worth approximately $210,000. Tranquility Partners LLC boosted its position in shares of Golub Capital BDC by 2.8% during the first quarter. Tranquility Partners LLC now owns 351,815 shares of the investment management company's stock worth $5,326,000 after buying an additional 9,470 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Golub Capital BDC by 84.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 6,936 shares of the investment management company's stock valued at $105,000 after buying an additional 3,176 shares in the last quarter. New World Advisors LLC grew its stake in shares of Golub Capital BDC by 41.9% in the first quarter. New World Advisors LLC now owns 25,483 shares of the investment management company's stock valued at $386,000 after buying an additional 7,530 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Golub Capital BDC by 98.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock valued at $595,000 after buying an additional 19,496 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on GBDC. 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 lowered their price objective 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. Bank of America cut their target price 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. Finally, Wells Fargo & Company dropped their price target 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Insiders Place Their Bets

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the 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 transaction, the chairman owned 6,059,971 shares in the company, valued at $91,687,361.23. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Golub Capital BDC Stock Up 0.7%

Shares of Golub Capital BDC stock traded up $0.11 on Friday, reaching $14.78. 669,003 shares of the company were exchanged, compared to its average volume of 1,440,136. The stock's 50 day moving average price is $14.74 and its 200-day moving average price is $14.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.08. The company has a market cap of $3.94 billion, a P/E ratio of 13.08 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.56%. The ex-dividend date was Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

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.