Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2,083.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,993 shares of the investment management company’s stock after buying an additional 160,300 shares during the period. International Assets Investment Management LLC owned approximately 0.10% of Golub Capital BDC worth $25,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GBDC. Eagle Bay Advisors LLC increased its holdings in Golub Capital BDC by 5.1% in the 3rd quarter. Eagle Bay Advisors LLC now owns 100,815 shares of the investment management company’s stock valued at $1,523,000 after purchasing an additional 4,891 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Golub Capital BDC by 22.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 15,646 shares of the investment management company’s stock valued at $236,000 after purchasing an additional 2,841 shares in the last quarter. Embree Financial Group acquired a new stake in Golub Capital BDC in the 3rd quarter valued at $171,000. Onyx Bridge Wealth Group LLC increased its holdings in Golub Capital BDC by 36.1% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 61,157 shares of the investment management company’s stock valued at $924,000 after purchasing an additional 16,213 shares in the last quarter. Finally, Naviter Wealth LLC increased its holdings in Golub Capital BDC by 26.5% in the 3rd quarter. Naviter Wealth LLC now owns 220,359 shares of the investment management company’s stock valued at $3,330,000 after purchasing an additional 46,145 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the purchase, the director now directly owns 95,000 shares in the company, valued at $1,368,000. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO David Golub purchased 20,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were bought at an average price of $14.70 per share, for a total transaction of $294,000.00. Following the completion of the purchase, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at $25,855,536. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 146,000 shares of company stock worth $2,159,400 over the last quarter. 2.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $15.51 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The company’s 50-day simple moving average is $15.05 and its 200-day simple moving average is $15.63. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 7.64 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results 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). The company had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same period in the previous year, the business posted $0.44 EPS. Equities analysts anticipate that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.06%. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

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.