Golub Capital BDC Inc (NASDAQ:GBDC) Director William M. Iv Webster acquired 15,468 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $18.09 per share, for a total transaction of $279,816.12. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Golub Capital BDC Inc (NASDAQ:GBDC) traded up $0.01 during midday trading on Thursday, hitting $18.12. 189,500 shares of the company’s stock traded hands, compared to its average volume of 280,780. The stock has a market cap of $1,081.91, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.42 and a beta of 0.65. Golub Capital BDC Inc has a 52 week low of $17.35 and a 52 week high of $20.50. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.86.
Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Wednesday, February 7th. The investment management company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $36.45 million for the quarter, compared to analyst estimates of $35.22 million. Golub Capital BDC had a net margin of 58.64% and a return on equity of 7.94%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. equities research analysts forecast that Golub Capital BDC Inc will post 1.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 8th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 7th. This represents a $1.28 annualized dividend and a dividend yield of 7.06%. Golub Capital BDC’s payout ratio is currently 67.13%.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 24th. ValuEngine upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Finally, National Securities reiterated a “neutral” rating and issued a $19.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, November 22nd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Golub Capital BDC presently has a consensus rating of “Hold” and a consensus price target of $20.38.
Hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its stake in Golub Capital BDC by 120.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 634,791 shares of the investment management company’s stock valued at $11,553,000 after purchasing an additional 346,596 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Golub Capital BDC by 15.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,460,439 shares of the investment management company’s stock valued at $27,486,000 after acquiring an additional 198,503 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Golub Capital BDC during the 4th quarter valued at approximately $2,352,000. Atlantic Trust Group LLC raised its position in shares of Golub Capital BDC by 388.8% during the 3rd quarter. Atlantic Trust Group LLC now owns 138,334 shares of the investment management company’s stock valued at $2,603,000 after acquiring an additional 110,034 shares in the last quarter. Finally, Novare Capital Management LLC raised its position in shares of Golub Capital BDC by 350.6% during the 4th quarter. Novare Capital Management LLC now owns 134,950 shares of the investment management company’s stock valued at $2,456,000 after acquiring an additional 105,000 shares in the last quarter. Institutional investors own 38.30% of the company’s stock.
About Golub Capital BDC
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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