Nicholas Hoffman & Company LLC. Buys 664 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Nicholas Hoffman & Company LLC. boosted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,531 shares of the investment management company’s stock after purchasing an additional 664 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Golub Capital BDC were worth $582,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Hexagon Capital Partners LLC raised its stake in shares of Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,355 shares during the last quarter. Allworth Financial LP raised its stake in shares of Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,347 shares during the last quarter. Cove Street Capital LLC bought a new position in shares of Golub Capital BDC during the second quarter valued at about $39,000. Quarry LP bought a new position in shares of Golub Capital BDC during the second quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Golub Capital BDC during the second quarter valued at about $71,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Trading Down 0.5 %

Shares of NASDAQ GBDC opened at $15.28 on Thursday. The firm’s 50 day moving average price is $15.06 and its 200-day moving average price is $15.62. The company has a market cap of $2.62 billion, a PE ratio of 7.53 and a beta of 0.53. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same quarter in the prior year, the company posted $0.44 EPS. On average, equities research analysts expect that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.56 annualized dividend and a dividend yield of 10.21%. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Insider Activity at Golub Capital BDC

In related news, CEO David Golub acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,738,880 shares in the company, valued at approximately $25,526,758.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Golub acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $14.68 per share, for a total transaction of $293,600.00. Following the transaction, the chief executive officer now owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 146,000 shares of company stock worth $2,159,400 over the last quarter. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

GBDC has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company boosted their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Golub Capital BDC 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.