IFG Advisory LLC Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

IFG Advisory LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, Holdings Channel.com reports. The fund bought 10,120 shares of the investment management company’s stock, valued at approximately $159,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Golub Capital BDC during the first quarter valued at about $38,000. Cove Street Capital LLC acquired a new position in Golub Capital BDC in the 2nd quarter valued at approximately $39,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Golub Capital BDC by 77.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock worth $52,000 after acquiring an additional 1,508 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Golub Capital BDC by 39.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock worth $115,000 after purchasing an additional 1,940 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth approximately $121,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $14.89 on Tuesday. 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 has a market cap of $2.55 billion, a PE ratio of 7.33 and a beta of 0.52. Golub Capital BDC, Inc. has a 12 month low of $13.95 and a 12 month high of $17.72. The company’s 50-day moving average price is $15.23 and its two-hundred day moving average price is $15.91.

Golub Capital BDC (NASDAQ:GBDC) last announced its 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). Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. The business had revenue of $171.27 million during the quarter, compared to analyst estimates of $205.24 million. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.39 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.48%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Insider Activity at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $15.04 per share, with a total value of $300,800.00. Following the acquisition, the chairman now directly owns 1,898,880 shares in the company, valued at $28,559,155.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Lawrence E. Golub bought 62,267 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $16.06 per share, for a total transaction of $1,000,008.02. Following the completion of the transaction, the chairman now directly owns 1,268,880 shares in the company, valued at approximately $20,378,212.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Lawrence E. Golub purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the acquisition, the chairman now owns 1,898,880 shares of the company’s stock, valued at $28,559,155.20. The disclosure for this purchase can be found here. Insiders acquired 707,015 shares of company stock valued at $11,199,138 over the last ninety days. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GBDC shares. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Wells Fargo & Company reduced 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 report on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Oppenheimer reissued an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC 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.