Wealthedge Investment Advisors LLC Purchases 66,551 Shares of Golub Capital BDC, Inc. $GBDC

Key Points

• Wealthedge Investment Advisors LLC increased its stake in Golub Capital BDC by 124% in Q1, owning a total of 120,216 shares valued at approximately $1.82 million.
• Golub Capital BDC announced a quarterly dividend of $0.39, representing a 10.5% yield, with a payout ratio of 109.86%.
• Recent analyst reports show mixed sentiment, with Bank of America lowering its target price from $16.50 to $15.50, while Wells Fargo adjusted theirs from $15.00 to $14.00, maintaining an "equal weight" rating.

Wealthedge Investment Advisors LLC grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 124.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,216 shares of the investment management company's stock after buying an additional 66,551 shares during the quarter. Wealthedge Investment Advisors LLC's holdings in Golub Capital BDC were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Onyx Bridge Wealth Group LLC boosted its holdings in shares of Golub Capital BDC by 65.0% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock valued at $1,721,000 after acquiring an additional 44,760 shares in the last quarter. Sigma Investment Counselors Inc. acquired a new stake in shares of Golub Capital BDC during the 1st quarter valued at $10,935,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Golub Capital BDC by 98.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock valued at $595,000 after acquiring an additional 19,496 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Golub Capital BDC by 60.6% in the fourth quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after purchasing an additional 52,155 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Golub Capital BDC by 24.1% in the first quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after purchasing an additional 2,541 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Bank of America reduced their price objective 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 reduced their price objective on shares of 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Golub Capital BDC has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Insider Buying and Selling

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the business's stock in a transaction that occurred on 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 acquisition, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company's stock.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC remained flat at $14.74 during mid-day trading on Tuesday. 824,410 shares of the company were exchanged, compared to its average volume of 1,421,206. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 10.38 and a beta of 0.51. The company has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $14.88. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $218.34 million for the quarter, compared to analysts' expectations of $215.47 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 10.6%. Golub Capital BDC's dividend payout ratio (DPR) is 109.86%.

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.