Creative Planning Acquires 167,603 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Creative Planning grew its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1,156.5% in the third quarter, Holdings Channel reports. The fund owned 182,095 shares of the investment management company’s stock after buying an additional 167,603 shares during the quarter. Creative Planning’s holdings in Golub Capital BDC were worth $2,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in Golub Capital BDC by 223.8% in the fourth 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 during the period. Naviter Wealth LLC grew its stake in shares of Golub Capital BDC by 965.8% during the 1st quarter. Naviter Wealth LLC now owns 144,604 shares of the investment management company’s stock worth $2,405,000 after purchasing an additional 131,036 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of 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 valued at $10,332,000 after buying an additional 38,944 shares in the last quarter. Albion Financial Group UT lifted its holdings in Golub Capital BDC by 1.1% during the first quarter. Albion Financial Group UT now owns 112,449 shares of the investment management company’s stock valued at $1,870,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Abundance Wealth Counselors raised its position in shares of Golub Capital BDC by 15.2% in the first quarter. Abundance Wealth Counselors now owns 48,133 shares of the investment management company’s stock valued at $800,000 after buying an additional 6,350 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods cut their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Oppenheimer reissued an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Insider Buying and Selling

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

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.28 on Friday. Golub Capital BDC, Inc. has a 52 week low of $14.02 and a 52 week high of $17.72. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The firm’s 50-day simple moving average is $15.04 and its 200 day simple moving average is $15.64. The firm has a market capitalization of $2.62 billion, a PE ratio of 9.26 and a beta of 0.53.

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

Golub Capital BDC Dividend Announcement

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

Golub Capital BDC Company 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.