Waterloo Capital L.P. Buys 16,581 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Waterloo Capital L.P. grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 158,911 shares of the investment management company’s stock after acquiring an additional 16,581 shares during the period. Waterloo Capital L.P. owned about 0.09% of Golub Capital BDC worth $2,496,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Boston Partners bought a new position in Golub Capital BDC during the first quarter valued at $12,126,000. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after buying an additional 640,866 shares during the period. Allen Investment Management LLC increased its stake in shares of Golub Capital BDC by 29.6% during the first quarter. Allen Investment Management LLC now owns 2,101,032 shares of the investment management company’s stock valued at $34,940,000 after buying an additional 479,339 shares during the period. Confluence Investment Management LLC bought a new position in shares of Golub Capital BDC during the first quarter valued at approximately $5,509,000. Finally, Southern Farm Bureau Life Insurance bought a new position in shares of Golub Capital BDC during the second quarter valued at approximately $4,838,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub bought 20,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $14.91 per share, with a total value of $298,200.00. Following the completion of the purchase, the chairman now owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Anita J. Rival purchased 26,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chairman now directly owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is currently owned by corporate insiders.

Golub Capital BDC Stock Down 1.3 %

Shares of Golub Capital BDC stock opened at $14.86 on Wednesday. Golub Capital BDC, Inc. has a 1 year low of $13.95 and a 1 year high of $17.72. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 7.32 and a beta of 0.53. The company has a 50-day moving average of $15.06 and a 200 day moving average of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The business had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. During the same period in the prior year, the business posted $0.44 EPS. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.50%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s payout ratio is 76.85%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GBDC shares. Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.40.

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.