Moors & Cabot Inc. boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,905 shares of the investment management company’s stock after purchasing an additional 21 shares during the period. Moors & Cabot Inc.’s holdings in Golub Capital BDC were worth $551,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in GBDC. Ameriprise Financial Inc. acquired a new stake in Golub Capital BDC during the 1st quarter worth about $442,000. Parametric Portfolio Associates LLC grew its position in Golub Capital BDC by 1.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 47,960 shares of the investment management company’s stock worth $953,000 after purchasing an additional 553 shares during the period. Legal & General Group Plc grew its position in Golub Capital BDC by 12.2% during the 1st quarter. Legal & General Group Plc now owns 132,213 shares of the investment management company’s stock worth $2,627,000 after purchasing an additional 14,348 shares during the period. Global X Management Co. LLC grew its position in Golub Capital BDC by 50.4% during the 1st quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock worth $134,000 after purchasing an additional 2,254 shares during the period. Finally, Mackenzie Financial Corp grew its position in Golub Capital BDC by 104.4% during the 1st quarter. Mackenzie Financial Corp now owns 68,707 shares of the investment management company’s stock worth $1,366,000 after purchasing an additional 35,099 shares during the period. 41.58% of the stock is currently owned by institutional investors.
GBDC has been the topic of several analyst reports. National Securities reaffirmed a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 9th. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods set a $20.00 price target on Golub Capital BDC and gave the stock a “hold” rating in a research report on Friday. Finally, BidaskClub downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.88.
In other news, Director William M. Iv Webster purchased 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were acquired at an average cost of $18.46 per share, for a total transaction of $92,300.00. Following the completion of the purchase, the director now directly owns 136,514 shares in the company, valued at approximately $2,520,048.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.40% of the company’s stock.
Golub Capital BDC, Inc. (NASDAQ:GBDC) traded down 0.11% during midday trading on Tuesday, hitting $18.80. 10,782 shares of the stock traded hands. Golub Capital BDC, Inc. has a one year low of $17.34 and a one year high of $20.50. The company’s 50 day moving average is $18.68 and its 200-day moving average is $19.45.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Golub Capital BDC had a net margin of 53.62% and a return on equity of 7.86%. The business had revenue of $35.40 million for the quarter, compared to analyst estimates of $35.11 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that Golub Capital BDC, Inc. will post $1.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.80%. Golub Capital BDC’s dividend payout ratio (DPR) is 96.24%.
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Golub Capital BDC Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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