Scientech Research LLC Acquires Shares of 27,013 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Scientech Research LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,013 shares of the investment management company’s stock, valued at approximately $424,000.

Several other hedge funds also recently made changes to their positions in GBDC. Future Financial Wealth Managment LLC bought a new stake in shares of Golub Capital BDC in the first quarter valued at approximately $38,000. Cove Street Capital LLC acquired a new position in Golub Capital BDC in the 2nd quarter valued at $39,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Golub Capital BDC by 77.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 1,508 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth $71,000. Finally, BNP Paribas Financial Markets increased its position in shares of 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 during the period. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Down 0.2 %

Shares of GBDC opened at $14.96 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. Golub Capital BDC, Inc. has a 52 week low of $13.95 and a 52 week high of $17.72. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 7.37 and a beta of 0.53. The stock has a fifty day moving average of $14.91 and a 200-day moving average of $15.78.

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 the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, sell-side analysts anticipate 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 was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.43%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Insider Buying and Selling

In related news, CEO David Golub bought 20,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $14.68 per share, with a total value of $293,600.00. Following the acquisition, the chief executive officer now owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Golub bought 20,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $14.68 per share, with a total value of $293,600.00. Following the purchase, the chief executive officer now directly owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 146,000 shares of company stock valued at $2,159,400 over the last 90 days. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GBDC. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday. Keefe, Bruyette & Woods cut 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 report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, Oppenheimer restated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.