1832 Asset Management L.P. Has $2.79 Million Stock Holdings in Golub Capital BDC, Inc. $GBDC

1832 Asset Management L.P. raised its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 27.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,492 shares of the investment management company’s stock after purchasing an additional 39,700 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.07% of Golub Capital BDC worth $2,793,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Allen Investment Management LLC lifted its holdings in Golub Capital BDC by 11.9% during the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock valued at $62,615,000 after purchasing an additional 441,050 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Golub Capital BDC by 4.2% during the first quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company’s stock worth $48,203,000 after buying an additional 128,457 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of Golub Capital BDC by 9.4% during the first quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company’s stock worth $41,575,000 after buying an additional 236,613 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Golub Capital BDC by 77.8% during the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company’s stock worth $33,559,000 after buying an additional 968,525 shares in the last quarter. Finally, Partners Group Holding AG lifted its holdings in shares of Golub Capital BDC by 9.9% during the first quarter. Partners Group Holding AG now owns 2,000,926 shares of the investment management company’s stock worth $30,294,000 after buying an additional 180,446 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the purchase, the chairman directly owned 6,059,971 shares in the company, valued at $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.

Golub Capital BDC Stock Up 1.1%

GBDC stock opened at $14.78 on Monday. The company has a market cap of $3.94 billion, a PE ratio of 10.41 and a beta of 0.51. The business has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $14.85. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $218.34 million during the quarter, compared to the consensus estimate of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.During the same quarter in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, September 15th. Golub Capital BDC’s payout ratio is 109.86%.

Analyst Upgrades and Downgrades

GBDC has been the subject of a number of research reports. Bank of America dropped their target price on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, May 12th. Wells Fargo & Company dropped their target price on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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.