Insider Buying: Golub Capital BDC, Inc. (NASDAQ:GBDC) Chairman Purchases 20,000 Shares of Stock

Golub Capital BDC, Inc. (NASDAQ:GBDC) Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $15.01 per share, for a total transaction of $300,200.00. Following the completion of the purchase, the chairman now directly owns 1,858,880 shares of the company’s stock, valued at approximately $27,901,788.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $15.09 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a fifty day moving average price of $15.26 and a two-hundred day moving average price of $15.91. Golub Capital BDC, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $17.72. The company has a market cap of $2.59 billion, a PE ratio of 7.43 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data 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 return on equity of 13.03% and a net margin of 53.05%. The firm had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. During the same quarter in the prior year, the business posted $0.44 EPS. Analysts expect that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.34%. Golub Capital BDC’s dividend payout ratio is 76.85%.

Analysts Set New Price Targets

A number of research analysts have commented on GBDC shares. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Raymond James downgraded shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Institutional Trading of Golub Capital BDC

Several hedge funds have recently modified their holdings of GBDC. Van ECK Associates Corp grew its position in Golub Capital BDC by 22.3% during 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 acquiring an additional 640,866 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Golub Capital BDC by 3.1% in the second quarter. Sound Income Strategies LLC now owns 2,745,048 shares of the investment management company’s stock worth $43,125,000 after purchasing an additional 83,111 shares in the last quarter. Allen Investment Management LLC grew its holdings in shares of Golub Capital BDC by 6.9% during the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after purchasing an additional 145,761 shares during the last quarter. Northeast Financial Consultants Inc increased its stake in shares of Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after buying an additional 1,268,442 shares in the last quarter. Finally, Arnhold LLC raised its holdings in shares of Golub Capital BDC by 0.8% in the second quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock valued at $20,725,000 after buying an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

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.