Headlands Technologies LLC Purchases 58,794 Shares of Golub Capital BDC, Inc. $GBDC

Headlands Technologies LLC increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 179.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 91,617 shares of the investment management company’s stock after purchasing an additional 58,794 shares during the quarter. Headlands Technologies LLC’s holdings in Golub Capital BDC were worth $1,180,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GBDC. Allworth Financial LP bought a new stake in Golub Capital BDC during the 2nd quarter worth about $25,000. Burk Holdings LLC acquired a new position in Golub Capital BDC during the 2nd quarter valued at about $30,000. Main Street Group LTD bought a new position in shares of Golub Capital BDC in the 1st quarter valued at about $47,000. Fifth Third Bancorp bought a new position in shares of Golub Capital BDC in the 1st quarter valued at about $68,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth approximately $77,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

GBDC opened at $13.16 on Tuesday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 20.25 and a beta of 0.39. The business’s 50-day moving average price is $12.97 and its two-hundred day moving average price is $12.84. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $14.93. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same period in the prior year, the firm earned $0.39 earnings per share. Equities analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be paid a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.0%. Golub Capital BDC’s payout ratio is presently 203.08%.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GBDC shares. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.