Silverberg Bernstein Capital Management LLC Boosts Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 60,100 shares of the investment management company’s stock after purchasing an additional 1,500 shares during the quarter. Golub Capital BDC makes up approximately 0.8% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Silverberg Bernstein Capital Management LLC’s holdings in Golub Capital BDC were worth $908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Golub Capital BDC in the 1st quarter worth approximately $38,000. Cove Street Capital LLC acquired a new position in shares of Golub Capital BDC in the 2nd quarter worth approximately $39,000. Quarry LP acquired a new position in shares of Golub Capital BDC in the 2nd quarter worth approximately $61,000. Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC in the 2nd quarter worth approximately $71,000. Finally, BNP Paribas Financial Markets grew its position in shares of Golub Capital BDC by 39.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock worth $115,000 after acquiring an additional 1,940 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, September 28th. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods reduced their price target on 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC has a consensus rating of “Hold” and an average target price of $16.40.

Insider Transactions at Golub Capital BDC

In related news, Director Anita J. Rival bought 26,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $15.01 per share, with a total value of $300,200.00. Following the completion of the transaction, the chairman now owns 1,858,880 shares of the company’s stock, valued at approximately $27,901,788.80. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, 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 purchased 146,000 shares of company stock valued at $2,159,400 over the last three months. Company insiders own 2.70% of the company’s stock.

Golub Capital BDC Stock Performance

GBDC stock traded up $0.13 during trading on Friday, reaching $15.17. 1,097,731 shares of the company’s stock were exchanged, compared to its average volume of 1,169,589. Golub Capital BDC, Inc. has a 1-year low of $14.02 and a 1-year 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 company’s fifty day moving average price is $14.87 and its 200-day moving average price is $15.76. The firm has a market cap of $2.60 billion, a PE ratio of 7.47 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. During the same period in the prior year, the firm posted $0.44 EPS. On average, research analysts expect that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date was Friday, August 30th. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

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.