Golub Capital BDC Inc (NASDAQ:GBDC) Chairman Lawrence E. Golub Acquires 5,000 Shares of Stock

Golub Capital BDC Inc (NASDAQ:GBDC) Chairman Lawrence E. Golub acquired 5,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was purchased at an average cost of $13.10 per share, with a total value of $65,500.00. Following the transaction, the chairman now owns 125,389 shares in the company, valued at $1,642,595.90. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

NASDAQ GBDC traded up $0.14 during trading on Wednesday, reaching $13.35. The company’s stock had a trading volume of 242 shares, compared to its average volume of 863,137. Golub Capital BDC Inc has a 12 month low of $9.08 and a 12 month high of $19.14. The firm has a 50 day moving average price of $12.63 and a 200 day moving average price of $12.24. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -9.11 and a beta of 0.66. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.85.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 10th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $73.21 million during the quarter, compared to analysts’ expectations of $71.14 million. Golub Capital BDC had a positive return on equity of 7.16% and a negative net margin of 41.24%. On average, equities analysts forecast that Golub Capital BDC Inc will post 1.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 8.69%. The ex-dividend date is Friday, September 4th. Golub Capital BDC’s dividend payout ratio is currently 91.34%.

Large investors have recently modified their holdings of the company. Strs Ohio increased its stake in Golub Capital BDC by 43.0% in the second quarter. Strs Ohio now owns 23,287,194 shares of the investment management company’s stock valued at $271,295,000 after acquiring an additional 6,997,163 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Golub Capital BDC by 246.9% in the 2nd quarter. Lindbrook Capital LLC now owns 2,634,925 shares of the investment management company’s stock valued at $30,697,000 after purchasing an additional 1,875,452 shares during the last quarter. Frontier Investment Mgmt Co. increased its stake in shares of Golub Capital BDC by 20.1% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 1,995,912 shares of the investment management company’s stock valued at $23,252,000 after purchasing an additional 333,470 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Golub Capital BDC by 1.5% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,661,775 shares of the investment management company’s stock worth $19,360,000 after buying an additional 25,000 shares in the last quarter. Finally, Cliffwater LLC lifted its position in shares of Golub Capital BDC by 40.3% during the 2nd quarter. Cliffwater LLC now owns 1,639,877 shares of the investment management company’s stock worth $19,105,000 after buying an additional 470,908 shares during the last quarter. Institutional investors own 39.87% of the company’s stock.

Several equities research analysts have issued reports on GBDC shares. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Friday, July 17th. TheStreet raised shares of Golub Capital BDC from a “d+” rating to a “c-” rating in a report on Friday, August 21st. Finally, BidaskClub raised Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Golub Capital BDC presently has a consensus rating of “Hold” and a consensus price target of $12.50.

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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