The Manufacturers Life Insurance Company Increases Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

The Manufacturers Life Insurance Company grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,382 shares of the investment management company’s stock after purchasing an additional 1,150 shares during the period. The Manufacturers Life Insurance Company’s holdings in Golub Capital BDC were worth $556,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GBDC. Chicago Partners Investment Group LLC boosted its stake in Golub Capital BDC by 4.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock worth $286,000 after purchasing an additional 771 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Golub Capital BDC by 3.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after purchasing an additional 970 shares during the period. Wedbush Securities Inc. increased its holdings in Golub Capital BDC by 2.8% in the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 1,000 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in shares of Golub Capital BDC by 2.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock worth $706,000 after buying an additional 1,123 shares in the last quarter. Finally, Albion Financial Group UT boosted its position in shares of Golub Capital BDC by 1.1% during the 2nd quarter. Albion Financial Group UT now owns 113,631 shares of the investment management company’s stock valued at $1,785,000 after acquiring an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 0.6 %

Shares of GBDC opened at $15.24 on Wednesday. Golub Capital BDC, Inc. has a 52 week low of $14.02 and a 52 week high of $17.72. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 7.51 and a beta of 0.53. The stock’s 50-day moving average price is $14.88 and its 200-day moving average price is $15.70. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06.

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). The business had revenue of $171.27 million during the quarter, compared to analysts’ expectations of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter last year, the firm earned $0.44 earnings per share. On average, sell-side analysts predict that Golub Capital BDC, Inc. will post 1.92 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared 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 10.24%. The ex-dividend date was Friday, August 30th. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Insider Buying and Selling

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Anita J. Rival acquired 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Lawrence E. Golub bought 20,000 shares of Golub Capital BDC stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares in the company, valued at $29,803,300.80. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.