New World Advisors LLC Buys 1,639 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

New World Advisors LLC grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 23,407 shares of the investment management company’s stock after acquiring an additional 1,639 shares during the quarter. New World Advisors LLC’s holdings in Golub Capital BDC were worth $354,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northeast Financial Consultants Inc raised its position in shares of Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the period. Millennium Management LLC increased its position in shares of Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after acquiring an additional 724,662 shares during the last quarter. Boston Partners bought a new stake in shares of Golub Capital BDC during the 1st quarter worth approximately $12,126,000. Van ECK Associates Corp boosted its holdings in shares of Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after buying an additional 640,866 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of Golub Capital BDC in the second quarter valued at $9,426,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GBDC has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Insider Transactions at Golub Capital BDC

In related news, Director Anita J. Rival purchased 26,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David Golub bought 20,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $14.68 per share, with a total value of $293,600.00. Following the acquisition, the chief executive officer now directly owns 1,738,880 shares in the company, valued at $25,526,758.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anita J. Rival purchased 26,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now directly owns 95,000 shares in the company, valued at $1,368,000. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is currently owned by company insiders.

Golub Capital BDC Stock Performance

GBDC stock traded down $0.27 during mid-day trading on Friday, hitting $15.28. 1,565,792 shares of the company were exchanged, compared to its average volume of 1,342,368. The stock has a market capitalization of $2.62 billion, a PE ratio of 9.26 and a beta of 0.53. The business has a 50 day simple moving average of $15.04 and a 200-day simple moving average of $15.64. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC, Inc. has a 1-year low of $14.02 and a 1-year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million for 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 previous year, the business earned $0.44 EPS. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC’s dividend payout ratio is currently 94.55%.

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.