GraniteShares Advisors LLC Has $2.62 Million Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

GraniteShares Advisors LLC lifted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,185 shares of the investment management company’s stock after purchasing an additional 10,500 shares during the quarter. Golub Capital BDC makes up about 1.7% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 28th largest position. GraniteShares Advisors LLC owned 0.07% of Golub Capital BDC worth $2,622,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GBDC. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Golub Capital BDC during the 4th quarter worth approximately $211,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Golub Capital BDC by 10.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company’s stock worth $10,769,000 after buying an additional 65,167 shares during the period. Empowered Funds LLC bought a new position in shares of Golub Capital BDC during the 4th quarter worth approximately $173,000. Entropy Technologies LP bought a new position in shares of Golub Capital BDC during the 4th quarter worth approximately $382,000. Finally, Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after buying an additional 533,895 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 0.1%

Shares of GBDC opened at $15.21 on Friday. The stock has a fifty day moving average price of $14.53 and a two-hundred day moving average price of $15.02. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.08. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 11.02 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same quarter in the previous year, the firm earned $0.55 EPS. Analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.26%. Golub Capital BDC’s payout ratio is currently 138.05%.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the purchase, the chairman now directly owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on GBDC. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Bank of America cut their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, May 12th. Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.50.

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.