Golub Capital BDC, Inc. (NASDAQ:GBDC) Chairman Lawrence E. Golub Purchases 6,059,971 Shares

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) Chairman Lawrence E. Golub bought 6,059,971 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 in the company, valued at $91,687,361.23. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Golub Capital BDC Stock Down 0.5%

Shares of NASDAQ:GBDC traded down $0.07 during midday trading on Monday, hitting $15.14. The stock had a trading volume of 894,975 shares, compared to its average volume of 1,459,797. The company has a market cap of $4.03 billion, a P/E ratio of 10.97 and a beta of 0.55. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.76. The business's 50-day simple moving average is $14.48 and its 200-day simple moving average is $15.03. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $223.89 million. Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. During the same period last year, the business earned $0.55 EPS. On average, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.30%. Golub Capital BDC's dividend payout ratio is 138.05%.

Analyst Ratings Changes

A number of research firms have recently issued reports on GBDC. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company lowered 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. Bank of America cut 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 report on Monday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Golub Capital BDC presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GBDC. Strs Ohio bought a new stake in Golub Capital BDC in the 1st quarter valued at $232,864,000. Geneos Wealth Management Inc. lifted its stake in shares of Golub Capital BDC by 5.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 41,942 shares of the investment management company's stock worth $635,000 after buying an additional 2,043 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Golub Capital BDC by 24.9% during the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company's stock worth $505,000 after buying an additional 6,658 shares during the period. Anchor Investment Management LLC grew its stake in Golub Capital BDC by 1.9% in the 1st quarter. Anchor Investment Management LLC now owns 279,423 shares of the investment management company's stock valued at $4,230,000 after buying an additional 5,308 shares during the last quarter. Finally, SCS Capital Management LLC bought a new position in Golub Capital BDC in the 1st quarter valued at about $6,402,000. 42.38% of the stock is currently owned by institutional investors.

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.