Victory Capital Management Inc. reduced its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.4% in the 1st quarter, Holdings Channel reports. The fund owned 19,022 shares of the investment management company’s stock after selling 872 shares during the period. Victory Capital Management Inc.’s holdings in Golub Capital BDC were worth $278,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Kings Point Capital Management purchased a new stake in Golub Capital BDC in the 4th quarter worth approximately $97,000. Arkadios Wealth Advisors purchased a new stake in shares of Golub Capital BDC during the 4th quarter valued at $97,000. Ancora Advisors LLC purchased a new stake in shares of Golub Capital BDC during the 4th quarter valued at $99,000. Advisory Services Network LLC purchased a new stake in shares of Golub Capital BDC during the 4th quarter valued at $121,000. Finally, FNY Investment Advisers LLC grew its stake in shares of Golub Capital BDC by 177.4% during the 1st quarter. FNY Investment Advisers LLC now owns 9,100 shares of the investment management company’s stock valued at $133,000 after buying an additional 5,820 shares during the period. 43.07% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman Lawrence E. Golub acquired 5,000 shares of the business’s stock in a transaction on Monday, May 17th. The shares were purchased at an average price of $15.31 per share, for a total transaction of $76,550.00. Following the acquisition, the chairman now directly owns 125,389 shares of the company’s stock, valued at approximately $1,919,705.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Golub acquired 2,000 shares of the business’s stock in a transaction on Wednesday, March 17th. The stock was purchased at an average price of $14.67 per share, for a total transaction of $29,340.00. Following the acquisition, the chief executive officer now directly owns 125,389 shares in the company, valued at $1,839,456.63. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 58,493 shares of company stock valued at $892,527. 6.90% of the stock is owned by corporate insiders.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Sunday, May 9th. The investment management company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.26. Golub Capital BDC had a net margin of 143.01% and a return on equity of 7.66%. The firm had revenue of $76.20 million during the quarter, compared to analysts’ expectations of $75.75 million. Golub Capital BDC’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Golub Capital BDC, Inc. will post 1.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Investors of record on Friday, June 11th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $1.16 dividend on an annualized basis and a yield of 7.51%. Golub Capital BDC’s dividend payout ratio (DPR) is 95.08%.
GBDC has been the subject of several research reports. TheStreet raised shares of Golub Capital BDC from a “c+” rating to a “b-” rating in a research note on Tuesday, June 1st. Zacks Investment Research cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Tuesday, April 13th.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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