Amplius Wealth Advisors LLC Buys 3,841 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Amplius Wealth Advisors LLC lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,224 shares of the investment management company’s stock after purchasing an additional 3,841 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Golub Capital BDC were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Golub Capital BDC during the first quarter worth $878,000. Baillie Gifford & Co. increased its holdings in Golub Capital BDC by 37.5% in the 1st quarter. Baillie Gifford & Co. now owns 307,486 shares of the investment management company’s stock worth $5,113,000 after purchasing an additional 83,787 shares in the last quarter. Abundance Wealth Counselors raised its position in Golub Capital BDC by 289.2% in the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock valued at $2,943,000 after purchasing an additional 139,212 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Golub Capital BDC by 63.0% during the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock valued at $6,766,000 after purchasing an additional 166,480 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Golub Capital BDC by 4.6% during the first quarter. Sound Income Strategies LLC now owns 2,661,937 shares of the investment management company’s stock worth $44,268,000 after purchasing an additional 116,366 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GBDC shares. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Anita J. Rival purchased 26,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the acquisition, the director now owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anita J. Rival acquired 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the acquisition, the director now owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $15.01 per share, for a total transaction of $300,200.00. Following the transaction, the chairman now directly owns 1,858,880 shares in the company, valued at approximately $27,901,788.80. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is owned by corporate insiders.

Golub Capital BDC Trading Up 0.7 %

NASDAQ:GBDC opened at $15.35 on Thursday. Golub Capital BDC, Inc. has a 52 week low of $14.02 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. The firm’s fifty day moving average is $14.90 and its 200-day moving average is $15.70. The firm has a market cap of $2.63 billion, a P/E ratio of 7.56 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 EPS 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 firm had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. During the same period last year, the company posted $0.44 EPS. Equities analysts expect that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.16%. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

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.