Wealthedge Investment Advisors LLC Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Wealthedge Investment Advisors LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,665 shares of the investment management company's stock, valued at approximately $814,000.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Golub Capital BDC during the 4th quarter worth $19,145,000. Millennium Management LLC lifted its position in Golub Capital BDC by 168.0% during the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock worth $28,945,000 after purchasing an additional 1,196,800 shares during the period. Bank of America Corp DE grew its stake in Golub Capital BDC by 77.8% during the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock worth $33,559,000 after buying an additional 968,525 shares in the last quarter. Atria Investments Inc grew its stake in Golub Capital BDC by 912.0% during the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock worth $14,907,000 after buying an additional 886,123 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock worth $38,043,000 after buying an additional 701,594 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

Insider Activity

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the purchase, the chairman now directly owns 6,059,971 shares of the company's stock, valued at $91,687,361.23. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company's stock.

Golub Capital BDC Price Performance

Shares of GBDC traded down $0.10 during midday trading on Friday, hitting $15.18. 1,040,809 shares of the company traded hands, compared to its average volume of 1,462,111. 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 stock has a 50-day moving average of $14.48 and a 200-day moving average of $15.03. The firm has a market cap of $4.04 billion, a P/E ratio of 11.00 and a beta of 0.55. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.76.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The company had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same quarter last year, the company posted $0.55 earnings per share. As a group, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GBDC. Wells Fargo & Company reduced their price target 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. Keefe, Bruyette & Woods reduced their price target on shares of 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. Bank of America reduced their price target 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, Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. 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 MarketBeat, Golub Capital BDC has an average rating of "Moderate Buy" and a consensus target price of $15.50.

About Golub Capital BDC

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.