HB Wealth Management LLC Acquires 258,661 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

HB Wealth Management LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 205.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 384,595 shares of the investment management company’s stock after buying an additional 258,661 shares during the period. HB Wealth Management LLC’s holdings in Golub Capital BDC were worth $6,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Golub Capital BDC during the 1st quarter worth approximately $38,000. Cove Street Capital LLC acquired a new stake in Golub Capital BDC in the second quarter valued at $39,000. Nomura Asset Management Co. Ltd. lifted its stake in Golub Capital BDC by 77.1% in 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 acquiring an additional 1,508 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Golub Capital BDC by 39.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock valued at $115,000 after acquiring an additional 1,940 shares during the period. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Golub Capital BDC during the 4th quarter worth about $151,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Performance

NASDAQ:GBDC traded up $0.14 during mid-day trading on Thursday, hitting $15.13. 287,043 shares of the stock were exchanged, compared to its average volume of 1,110,407. 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 firm’s 50-day simple moving average is $15.27 and its 200 day simple moving average is $15.92. Golub Capital BDC, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $17.72. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 7.38 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last posted 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). The firm had revenue of $171.27 million for the quarter, compared to analyst estimates of $205.24 million. Golub Capital BDC had a return on equity of 13.03% and a net margin of 53.05%. During the same period in the prior year, the business posted $0.44 EPS. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Golub Capital BDC news, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $14.40 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Anita J. Rival acquired 26,000 shares of Golub Capital BDC 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 completion of the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Lawrence E. Golub bought 62,267 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was purchased at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the transaction, the chairman now directly owns 1,268,880 shares in the company, valued at approximately $20,378,212.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 687,015 shares of company stock worth $10,898,338 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

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.