Magnolia Capital Advisors LLC Purchases New Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Magnolia Capital Advisors LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,894 shares of the investment management company’s stock, valued at approximately $187,000.

Several other institutional investors have also bought and sold shares of GBDC. Future Financial Wealth Managment LLC acquired a new position in Golub Capital BDC in the first quarter worth $38,000. Cove Street Capital LLC acquired a new position in Golub Capital BDC in the second quarter worth $39,000. Nomura Asset Management Co. Ltd. boosted its stake in Golub Capital BDC by 77.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock worth $52,000 after purchasing an additional 1,508 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Golub Capital BDC in the second quarter worth $71,000. Finally, BNP Paribas Financial Markets boosted its stake in Golub Capital BDC by 39.1% in the first 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. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GBDC. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reduced their price objective on 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. Oppenheimer restated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.40.

Golub Capital BDC Trading Up 1.0 %

GBDC stock opened at $15.11 on Tuesday. The company has a market cap of $2.59 billion, a P/E ratio of 7.44 and a beta of 0.53. Golub Capital BDC, Inc. has a twelve month low of $13.95 and a twelve month 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 business has a fifty day moving average of $14.90 and a 200-day moving average of $15.78.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The company 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 company posted $0.44 EPS. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.92 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.32%. The ex-dividend date was Friday, August 30th. Golub Capital BDC’s payout ratio is 76.85%.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub bought 20,000 shares of the business’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 completion of the purchase, the chairman now owns 1,898,880 shares of the company’s stock, valued at approximately $28,559,155.20. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Lawrence E. Golub bought 20,000 shares of the business’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 completion of the purchase, the chairman now owns 1,898,880 shares of the company’s stock, valued at approximately $28,559,155.20. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is currently owned by company insiders.

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.