TrueMark Investments LLC Sells 172,237 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

TrueMark Investments LLC decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 93.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,157 shares of the investment management company's stock after selling 172,237 shares during the quarter. TrueMark Investments LLC's holdings in Golub Capital BDC were worth $169,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its holdings 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 acquiring an additional 688 shares in the last quarter. Signaturefd LLC raised its holdings in Golub Capital BDC by 0.7% in the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company's stock valued at $1,618,000 after acquiring an additional 704 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in Golub Capital BDC by 0.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after acquiring an additional 814 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after acquiring an additional 827 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in Golub Capital BDC by 6.0% in the 1st quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company's stock valued at $226,000 after acquiring an additional 848 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GBDC. Wells Fargo & Company dropped their target price 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. Bank of America dropped their target price 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. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Golub Capital BDC Price Performance

Shares of GBDC traded down $0.01 during mid-day trading on Wednesday, reaching $14.42. The company had a trading volume of 1,968,894 shares, compared to its average volume of 1,423,447. The company's 50-day moving average is $14.69 and its 200-day moving average is $14.96. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.08. The company has a market capitalization of $3.84 billion, a P/E ratio of 12.76 and a beta of 0.52. 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 (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same period in the prior year, the business earned $0.55 earnings per share. On average, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.82%. Golub Capital BDC's payout ratio is 138.05%.

Insider Buying and Selling at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the transaction, the chairman now owns 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company's stock.

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.