Commonwealth Equity Services LLC Buys 30,401 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Commonwealth Equity Services LLC raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 36.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,438 shares of the investment management company’s stock after purchasing an additional 30,401 shares during the period. Commonwealth Equity Services LLC owned 0.07% of Golub Capital BDC worth $1,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. NBT Bank N A NY boosted its holdings in shares of Golub Capital BDC by 536.5% during the 2nd quarter. NBT Bank N A NY now owns 78,287 shares of the investment management company’s stock valued at $1,230,000 after purchasing an additional 65,987 shares during the last quarter. IFG Advisory LLC bought a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $159,000. Focused Wealth Management Inc bought a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $159,000. Legacy Advisors LLC bought a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $222,000. Finally, International Assets Investment Management LLC bought a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $121,000. Institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their price target on shares of 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 downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.40.

Golub Capital BDC Stock Up 1.5 %

Shares of NASDAQ GBDC opened at $15.09 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The company has a market cap of $2.59 billion, a P/E ratio of 7.43 and a beta of 0.53. Golub Capital BDC, Inc. has a 1 year low of $13.95 and a 1 year high of $17.72. The firm has a 50-day simple moving average of $15.07 and a two-hundred day simple moving average of $15.84.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same period in the previous year, the business earned $0.44 EPS. Research analysts anticipate that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date is Friday, August 30th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Insider Transactions at Golub Capital BDC

In related news, Director Anita J. Rival bought 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the transaction, the director now owns 95,000 shares in the company, valued at approximately $1,368,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the acquisition, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares of the company’s stock, valued at $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 company insiders.

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.