AMG National Trust Bank Makes New $1.06 Million Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

AMG National Trust Bank purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 67,139 shares of the investment management company’s stock, valued at approximately $1,055,000.

Several other large investors have also made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new position in shares of Golub Capital BDC during the first quarter worth $38,000. Cove Street Capital LLC bought a new position in shares of Golub Capital BDC during the 2nd quarter valued at about $39,000. Nomura Asset Management Co. Ltd. grew its position in shares of Golub Capital BDC by 77.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 1,508 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Golub Capital BDC by 39.1% in the first quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock worth $115,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter worth about $151,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GBDC. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Wells Fargo & Company cut their target price 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. StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Oppenheimer reissued an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Trading Down 0.2 %

NASDAQ GBDC traded down $0.03 on Friday, hitting $14.99. 1,911,544 shares of the stock were exchanged, compared to its average volume of 1,109,833. Golub Capital BDC, Inc. has a 52-week low of $13.95 and a 52-week high of $17.72. The firm has a market capitalization of $2.57 billion, a P/E ratio of 7.38 and a beta of 0.52. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29. The stock has a fifty day moving average price of $15.31 and a two-hundred day moving average price of $15.93.

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 the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. During the same quarter in the previous year, the company posted $0.44 earnings per share. Research analysts forecast that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors 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 dividend yield of 10.41%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Insider Activity at Golub Capital BDC

In related news, Director Anita J. Rival purchased 26,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now owns 95,000 shares in the company, valued at approximately $1,368,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO David Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction on Monday, August 19th. The shares were bought at an average cost of $14.70 per share, for a total transaction of $294,000.00. Following the acquisition, the chief executive officer now directly owns 1,758,880 shares of the company’s stock, valued at approximately $25,855,536. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anita J. Rival bought 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased 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 $1,368,000. The disclosure for this purchase can be found here. Insiders acquired a total of 667,015 shares of company stock worth $10,598,138 in the last quarter. 2.70% of the stock is 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.