79,081 Shares in Golub Capital BDC, Inc. $GBDC Purchased by Krilogy Financial LLC

Krilogy Financial LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 79,081 shares of the investment management company’s stock, valued at approximately $958,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Corient Private Wealth LP acquired a new position in shares of Golub Capital BDC in the second quarter valued at approximately $50,833,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Golub Capital BDC during the second quarter worth $47,015,000. Bank of America Corp DE acquired a new stake in shares of Golub Capital BDC during the second quarter worth $43,696,000. Lalia Capital LLC acquired a new stake in shares of Golub Capital BDC during the second quarter worth $33,556,000. Finally, Legal & General Group Plc acquired a new stake in shares of Golub Capital BDC during the second quarter worth $31,483,000. Institutional investors own 42.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence Golub sold 1,676,387 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Golub Capital BDC Stock Down 1.2%

NASDAQ:GBDC traded down $0.15 during trading hours on Friday, reaching $12.12. 885,736 shares of the stock were exchanged, compared to its average volume of 1,567,430. Golub Capital BDC, Inc. has a twelve month low of $11.77 and a twelve month high of $14.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50 day moving average of $12.72 and a 200 day moving average of $12.88. The stock has a market cap of $3.15 billion, a PE ratio of 18.65 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results 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. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The company had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. During the same period last year, the business earned $0.39 EPS. On average, equities analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were issued a dividend of $0.33 per share. The ex-dividend date was Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.9%. Golub Capital BDC’s dividend payout ratio is presently 203.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods cut 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 report on Wednesday, August 5th. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings downgraded Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

About Golub Capital BDC

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in privately owned businesses through senior secured loans, unitranche loans, second-lien loans, subordinated debt and, to a lesser extent, equity investments. Its objective is to generate current income and long-term capital appreciation by supporting companies across a range of industries.

Golub Capital BDC generally works with companies that are backed by private equity firms and provides customized financing for acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.