Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by United Advisor Group LLC

United Advisor Group LLC raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,650 shares of the investment management company's stock after purchasing an additional 17,574 shares during the period. United Advisor Group LLC owned about 0.08% of Golub Capital BDC worth $3,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after acquiring an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after buying an additional 827 shares during the last quarter. Optiver Holding B.V. grew its stake in Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after buying an additional 688 shares during the last quarter. Hurley Capital LLC purchased a new position in Golub Capital BDC during the 4th quarter worth approximately $50,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Golub Capital BDC during the 4th quarter worth approximately $160,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the acquisition, the chairman now directly owns 6,059,971 shares in the company, valued at $91,687,361.23. The trade was a ∞ increase in their position. 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 company insiders.

Wall Street Analysts Forecast Growth

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

Golub Capital BDC Price Performance

GBDC traded down $0.10 during trading on Friday, reaching $15.19. 588,742 shares of the stock were exchanged, compared to its average volume of 1,454,429. The business's 50 day moving average price is $14.48 and its two-hundred day moving average price is $15.04. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 11.00 and a beta of 0.55. Golub Capital BDC, Inc. has a 1 year low of $12.68 and a 1 year high of $16.76.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.27%. Golub Capital BDC's payout ratio is 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.