Anita J. Rival Acquires 26,000 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock

Golub Capital BDC, Inc. (NASDAQ:GBDC) Director Anita J. Rival acquired 26,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now owns 95,000 shares in the company, valued at $1,368,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $14.45 on Wednesday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 7.12 and a beta of 0.52. The firm has a fifty day moving average price of $15.49 and a 200 day moving average price of $15.96. Golub Capital BDC, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The company had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. During the same period last year, the company earned $0.44 EPS. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.80%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s payout ratio is 76.85%.

Institutional Trading of Golub Capital BDC

Several hedge funds have recently modified their holdings of the company. Van ECK Associates Corp increased its position in Golub Capital BDC by 22.3% in the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after purchasing an additional 640,866 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Golub Capital BDC by 3.1% in the 2nd quarter. Sound Income Strategies LLC now owns 2,745,048 shares of the investment management company’s stock worth $43,125,000 after buying an additional 83,111 shares during the last quarter. Allen Investment Management LLC raised its position in shares of Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after buying an additional 145,761 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of Golub Capital BDC by 5.1% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,172,722 shares of the investment management company’s stock valued at $32,808,000 after acquiring an additional 106,411 shares during the last quarter. Finally, Arnhold LLC grew its position in Golub Capital BDC by 0.8% in the second quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock worth $20,725,000 after acquiring an additional 11,000 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on GBDC. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Raymond James downgraded shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

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.