Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 25.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,640 shares of the investment management company’s stock after selling 880 shares during the period. Hillsdale Investment Management Inc.’s holdings in Golub Capital BDC were worth $44,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. HB Wealth Management LLC raised its holdings in shares of Golub Capital BDC by 34.8% in the fourth quarter. HB Wealth Management LLC now owns 141,604 shares of the investment management company’s stock worth $2,138,000 after buying an additional 36,530 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Golub Capital BDC by 11.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,629 shares of the investment management company’s stock worth $296,000 after acquiring an additional 2,083 shares during the period. Abundance Wealth Counselors grew its stake in Golub Capital BDC by 20.0% during the 4th quarter. Abundance Wealth Counselors now owns 41,783 shares of the investment management company’s stock valued at $631,000 after purchasing an additional 6,971 shares during the last quarter. Silverberg Bernstein Capital Management LLC purchased a new stake in Golub Capital BDC during the 4th quarter valued at about $908,000. Finally, Private Trust Co. NA increased its holdings in shares of Golub Capital BDC by 1,005.0% in the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded up $0.13 during trading on Monday, hitting $15.60. 858,495 shares of the stock traded hands, compared to its average volume of 1,023,260. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 7.68 and a beta of 0.52. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. The company has a fifty day moving average price of $15.94 and a two-hundred day moving average price of $16.01. Golub Capital BDC, Inc. has a 52-week low of $13.72 and a 52-week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, May 6th. The investment management company reported $0.51 EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts predict that Golub Capital BDC, Inc. will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

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

Wall Street Analyst Weigh In

GBDC has been the topic of a number of recent research reports. Bank of America upgraded Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, March 25th. Raymond James lowered shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, StockNews.com upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.40.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 62,267 shares of the business’s stock in a transaction on Friday, June 7th. The stock was bought at an average price of $16.06 per share, for a total transaction of $1,000,008.02. Following the acquisition, the chairman now owns 1,268,880 shares in the company, valued at $20,378,212.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Golub Capital BDC news, CEO David Golub bought 450,000 shares of Golub Capital BDC 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 $7,213,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,718,880 shares of the company’s stock, valued at $27,553,646.40. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Lawrence E. Golub acquired 62,267 shares of Golub Capital BDC stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average price of $16.06 per share, for a total transaction of $1,000,008.02. Following the completion of the acquisition, the chairman now owns 1,268,880 shares in the company, valued at approximately $20,378,212.80. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 601,015 shares of company stock valued at $9,636,138. 2.70% of the stock is owned by insiders.

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.