1832 Asset Management L.P. Invests $9.43 Million in Golub Capital BDC, Inc. (NASDAQ:GBDC)

1832 Asset Management L.P. acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 600,000 shares of the investment management company’s stock, valued at approximately $9,426,000. 1832 Asset Management L.P. owned 0.35% of Golub Capital BDC as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of GBDC. ProShare Advisors LLC grew its holdings in Golub Capital BDC by 9.4% in the 2nd quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company’s stock valued at $412,000 after buying an additional 2,262 shares during the period. MQS Management LLC purchased a new stake in Golub Capital BDC in the second quarter valued at approximately $575,000. Waterloo Capital L.P. increased its position in Golub Capital BDC by 11.6% during the second quarter. Waterloo Capital L.P. now owns 158,911 shares of the investment management company’s stock worth $2,496,000 after purchasing an additional 16,581 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Golub Capital BDC during the second quarter worth approximately $71,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Golub Capital BDC by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company’s stock valued at $4,102,000 after purchasing an additional 34,439 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.1 %

Shares of NASDAQ:GBDC opened at $14.96 on Wednesday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 7.37 and a beta of 0.53. The company has a 50 day moving average of $14.95 and a two-hundred day moving average of $15.81. Golub Capital BDC, Inc. has a 52-week low of $13.95 and a 52-week 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.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $171.27 million for the quarter, compared to analyst estimates of $205.24 million. During the same period in the previous year, the business posted $0.44 earnings per share. As a group, analysts forecast that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.43%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the acquisition, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Anita J. Rival acquired 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $14.40 per share, with a total value of $374,400.00. Following the acquisition, the director now directly owns 95,000 shares in the company, valued at $1,368,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Lawrence E. Golub bought 20,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $15.04 per share, with a total value of $300,800.00. Following the transaction, the chairman now directly owns 1,898,880 shares in the company, valued at approximately $28,559,155.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 146,000 shares of company stock valued at $2,159,400. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. 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 dropped their target price on shares of 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. Finally, Oppenheimer reissued an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Company 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.