Hennion & Walsh Asset Management Inc. Acquires 28,825 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hennion & Walsh Asset Management Inc. grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 13.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 236,110 shares of the investment management company’s stock after purchasing an additional 28,825 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Golub Capital BDC were worth $3,568,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of GBDC. PNC Financial Services Group Inc. grew its position in Golub Capital BDC by 223.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,000 shares of the investment management company’s stock worth $211,000 after purchasing an additional 9,676 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $38,000. Naviter Wealth LLC lifted its holdings in Golub Capital BDC by 965.8% during the first quarter. Naviter Wealth LLC now owns 144,604 shares of the investment management company’s stock worth $2,405,000 after acquiring an additional 131,036 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Golub Capital BDC by 6.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,308 shares of the investment management company’s stock worth $10,332,000 after purchasing an additional 38,944 shares during the last quarter. Finally, Albion Financial Group UT boosted its position in Golub Capital BDC by 1.1% in the first quarter. Albion Financial Group UT now owns 112,449 shares of the investment management company’s stock worth $1,870,000 after purchasing an additional 1,205 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 0.9 %

Golub Capital BDC stock opened at $15.55 on Friday. The firm has a 50 day simple moving average of $15.02 and a 200 day simple moving average of $15.66. 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. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 7.66 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results 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). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The company had revenue of $171.27 million during the quarter, compared to analysts’ expectations of $205.24 million. During the same quarter last year, the firm posted $0.44 earnings per share. On average, analysts predict that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Oppenheimer restated an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company cut their price target on 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the transaction, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the acquisition, the chairman now owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 146,000 shares of company stock worth $2,159,400 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

About Golub Capital BDC

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.