Foundations Investment Advisors LLC Has $236,000 Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Foundations Investment Advisors LLC raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 22.2% in the third quarter, HoldingsChannel.com reports. The firm owned 15,646 shares of the investment management company’s stock after purchasing an additional 2,841 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Golub Capital BDC were worth $236,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of Golub Capital BDC by 223.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,000 shares of the investment management company’s stock worth $211,000 after buying an additional 9,676 shares during the period. Naviter Wealth LLC raised its position in shares of Golub Capital BDC by 965.8% in the 1st quarter. Naviter Wealth LLC now owns 144,604 shares of the investment management company’s stock worth $2,405,000 after acquiring an additional 131,036 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Golub Capital BDC by 6.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,308 shares of the investment management company’s stock valued at $10,332,000 after purchasing an additional 38,944 shares during the period. Albion Financial Group UT boosted its position in shares of Golub Capital BDC by 1.1% during the 1st quarter. Albion Financial Group UT now owns 112,449 shares of the investment management company’s stock valued at $1,870,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Abundance Wealth Counselors grew its stake in Golub Capital BDC by 15.2% during the first quarter. Abundance Wealth Counselors now owns 48,133 shares of the investment management company’s stock worth $800,000 after purchasing an additional 6,350 shares during the period. Institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GBDC shares. Wells Fargo & Company dropped their price target 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. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $15.28 on Friday. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $15.04 and a two-hundred day simple moving average of $15.64. Golub Capital BDC, Inc. has a 12 month low of $14.02 and a 12 month high of $17.72. The firm has a market capitalization of $2.62 billion, a PE ratio of 9.26 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last posted 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 for the quarter, compared to the consensus estimate of $205.24 million. During the same period in the previous year, the firm earned $0.44 earnings per share. Analysts forecast that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business 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 annualized dividend and a dividend yield of 10.21%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 94.55%.

Insider Activity

In related news, 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 acquired at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the acquisition, the chairman now owns 1,898,880 shares of the company’s stock, valued at $28,559,155.20. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Anita J. Rival acquired 26,000 shares of Golub Capital BDC stock in a transaction on 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 transaction, the director now owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of $15.04 per share, with a total value of $300,800.00. Following the purchase, the chairman now owns 1,898,880 shares in the company, valued at approximately $28,559,155.20. The trade was 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 worth $2,159,400 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

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.