Wealthedge Investment Advisors LLC Raises Position in 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 raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 124.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,216 shares of the investment management company's stock after purchasing 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 institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Golub Capital BDC by 11.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 372,363 shares of the investment management company's stock worth $5,645,000 after acquiring an additional 36,776 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Golub Capital BDC in the 4th quarter worth approximately $4,470,000. XTX Topco Ltd lifted its holdings in shares of Golub Capital BDC by 19.4% in the 4th quarter. XTX Topco Ltd now owns 39,586 shares of the investment management company's stock worth $600,000 after acquiring an additional 6,432 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Golub Capital BDC by 6.5% in the 4th quarter. Guggenheim Capital LLC now owns 35,050 shares of the investment management company's stock worth $531,000 after acquiring an additional 2,136 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Golub Capital BDC by 33.9% in the 4th quarter. NewEdge Advisors LLC now owns 36,356 shares of the investment management company's stock worth $551,000 after acquiring an additional 9,214 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the stock in a transaction on Tuesday, May 27th. The shares were bought 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 of the company's stock, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company's stock.

Golub Capital BDC Stock Down 0.2%

NASDAQ:GBDC traded down $0.0350 during midday trading on Wednesday, hitting $14.7050. 509,882 shares of the company were exchanged, compared to its average volume of 1,415,297. The company has a fifty day simple moving average of $14.88 and a 200 day simple moving average of $14.88. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. 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 company has a market capitalization of $3.92 billion, a PE ratio of 10.36 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The business had revenue of $218.34 million for the quarter, compared to analyst estimates 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 period last year, the firm posted $0.39 earnings per share. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

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

Wall Street Analyst Weigh In

GBDC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America reduced 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 report 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

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.