Insider Selling: Golub Capital BDC (NASDAQ:GBDC) Director Sells 1,676,387 Shares of Stock

Golub Capital BDC, Inc. (NASDAQ:GBDC) Director Lawrence Golub sold 1,676,387 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Golub Capital BDC Trading Up 0.4%

Shares of Golub Capital BDC stock traded up $0.05 during trading hours on Tuesday, reaching $13.18. The stock had a trading volume of 988,909 shares, compared to its average volume of 1,913,594. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 20.28 and a beta of 0.39. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $14.93. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm has a 50 day simple moving average of $12.88 and a two-hundred day simple moving average of $12.85.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same quarter in the previous year, the business earned $0.39 EPS. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s payout ratio is 203.08%.

Institutional Trading of Golub Capital BDC

A number of hedge funds have recently made changes to their positions in the company. OneAscent Investment Solutions LLC acquired a new position in shares of Golub Capital BDC during the second quarter worth $405,000. OneAscent Wealth Management LLC acquired a new stake in Golub Capital BDC during the 2nd quarter valued at $291,000. Allworth Financial LP acquired a new stake in Golub Capital BDC during the 2nd quarter valued at $25,000. Advisors Capital Management LLC purchased a new stake in Golub Capital BDC during the 2nd quarter worth $5,614,000. Finally, Pasadena Private Wealth LLC purchased a new stake in Golub Capital BDC during the 2nd quarter worth $711,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GBDC shares. Royal Bank Of Canada dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One 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 stock. According to MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.