Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Albion Financial Group UT

Albion Financial Group UT increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,449 shares of the investment management company’s stock after purchasing an additional 1,205 shares during the period. Albion Financial Group UT owned 0.07% of Golub Capital BDC worth $1,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBDC. Private Trust Co. NA boosted its stake in Golub Capital BDC by 1,005.0% during the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after buying an additional 2,000 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Golub Capital BDC in the first quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Golub Capital BDC by 77.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 1,508 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $151,000. Finally, Latitude Advisors LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $152,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Lawrence E. Golub acquired 88,748 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $16.03 per share, with a total value of $1,422,630.44. Following the purchase, the chairman now owns 1,357,628 shares of the company’s stock, valued at approximately $21,762,776.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO David Golub bought 450,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the transaction, the chief executive officer now owns 1,718,880 shares of the company’s stock, valued at $27,553,646.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Lawrence E. Golub bought 88,748 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average price of $16.03 per share, for a total transaction of $1,422,630.44. Following the completion of the transaction, the chairman now directly owns 1,357,628 shares in the company, valued at approximately $21,762,776.84. The disclosure for this purchase can be found here. Insiders have acquired 601,015 shares of company stock valued at $9,636,138 in the last ninety days. 0.01% of the stock is currently owned by company insiders.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock traded up $0.15 during trading on Wednesday, reaching $15.87. The company’s stock had a trading volume of 683,596 shares, compared to its average volume of 1,004,476. The company has a 50-day moving average price of $16.29 and a two-hundred day moving average price of $15.95. The firm has a market cap of $2.72 billion, a PE ratio of 7.74 and a beta of 0.52. Golub Capital BDC, Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $17.72. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.26.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, May 6th. The investment management company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $164.23 million during the quarter, compared to analyst estimates of $163.61 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. On average, analysts forecast that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a None dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 16th. Golub Capital BDC’s payout ratio is 76.85%.

Analysts Set New Price Targets

Several research analysts have recently commented on GBDC shares. StockNews.com lowered shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Raymond James downgraded shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, March 25th. Three 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, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus 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.