Advisors Asset Management Inc. Boosts Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Advisors Asset Management Inc. increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 13.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 114,104 shares of the investment management company’s stock after purchasing an additional 13,901 shares during the period. Advisors Asset Management Inc. owned approximately 0.07% of Golub Capital BDC worth $1,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GBDC. Private Trust Co. NA boosted its position in shares of Golub Capital BDC by 1,005.0% during the 4th quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,000 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Golub Capital BDC during the 1st quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. boosted its position in Golub Capital BDC by 77.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after buying an additional 1,508 shares during the period. BNP Paribas Financial Markets boosted its position in Golub Capital BDC by 39.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock valued at $115,000 after buying an additional 1,940 shares during the period. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Golub Capital BDC in the 4th quarter valued at approximately $151,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.45 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 7.61 and a beta of 0.52. The company has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $16.01. Golub Capital BDC, Inc. has a 12-month low of $13.78 and a 12-month high of $17.72. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.26.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, May 6th. The investment management company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $164.23 million for the quarter, compared to analysts’ expectations of $163.61 million. Golub Capital BDC had a return on equity of 13.03% and a net margin of 53.05%. Equities analysts expect that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a None dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 76.85%.

Wall Street Analyst Weigh In

GBDC has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on shares of Golub Capital BDC from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Raymond James cut shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Insider Transactions at Golub Capital BDC

In related news, CEO David Golub purchased 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the purchase, the chief executive officer now directly owns 1,718,880 shares of the company’s stock, valued at $27,553,646.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Lawrence E. Golub purchased 62,267 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average cost of $16.06 per share, for a total transaction of $1,000,008.02. Following the purchase, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at $20,378,212.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Golub purchased 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average price of $16.03 per share, for a total transaction of $7,213,500.00. Following the completion of the purchase, the chief executive officer now directly owns 1,718,880 shares in the company, valued at $27,553,646.40. The disclosure for this purchase can be found here. In the last three months, insiders bought 601,015 shares of company stock valued at $9,636,138. Insiders own 2.70% of the company’s stock.

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.