Sanctuary Advisors LLC Invests $1.24 Million in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sanctuary Advisors LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 71,219 shares of the investment management company’s stock, valued at approximately $1,239,000.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after acquiring an additional 640,866 shares during the period. Sound Income Strategies LLC lifted its position in shares of Golub Capital BDC by 3.1% in the 2nd quarter. Sound Income Strategies LLC now owns 2,745,048 shares of the investment management company’s stock worth $43,125,000 after acquiring an additional 83,111 shares during the period. Allen Investment Management LLC lifted its position in shares of Golub Capital BDC by 6.9% in the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after acquiring an additional 145,761 shares during the period. Northeast Financial Consultants Inc boosted its position in shares of Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares in the last quarter. Finally, Arnhold LLC boosted its position in shares of Golub Capital BDC by 0.8% during the 2nd quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock valued at $20,725,000 after acquiring an additional 11,000 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Down 0.1 %

GBDC stock opened at $15.06 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 7.42 and a beta of 0.53. The business has a fifty day moving average price of $14.85 and a 200 day moving average price of $15.74. Golub Capital BDC, Inc. has a fifty-two week low of $14.02 and a fifty-two week high of $17.72.

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 (EPS) 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 business 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 earned $0.44 earnings per share. 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 announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.56 annualized dividend and a dividend yield of 10.36%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 76.85%.

Insider Transactions at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Anita J. Rival purchased 26,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the purchase, the director now directly owns 95,000 shares in the company, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $14.91 per share, with a total value of $298,200.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 146,000 shares of company stock worth $2,159,400 over the last 90 days. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GBDC. 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 research note on Wednesday, August 7th. Wells Fargo & Company decreased 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 upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer reissued an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus target price 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.