Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Condor Capital Management

Condor Capital Management lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 21.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 299,413 shares of the investment management company’s stock after acquiring an additional 53,434 shares during the period. Condor Capital Management’s holdings in Golub Capital BDC were worth $4,704,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GBDC. Future Financial Wealth Managment LLC purchased a new position in Golub Capital BDC during the 1st quarter worth $38,000. Cove Street Capital LLC acquired a new position in shares of Golub Capital BDC in the second quarter valued at approximately $39,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Golub Capital BDC by 77.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock worth $52,000 after purchasing an additional 1,508 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Golub Capital BDC by 39.1% during 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. Finally, International Assets Investment Management LLC purchased a new position in Golub Capital BDC in the 2nd quarter valued at $121,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Insider Activity

In other news, Chairman Lawrence E. Golub bought 20,000 shares of Golub Capital BDC stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $14.91 per share, with a total value of $298,200.00. Following the completion of the transaction, the chairman now owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Anita J. Rival purchased 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the purchase, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Lawrence E. Golub bought 20,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $29,803,300.80. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is currently owned by corporate insiders.

Golub Capital BDC Stock Up 1.5 %

Shares of NASDAQ:GBDC opened at $15.09 on Friday. The stock has a 50-day simple moving average of $15.07 and a 200-day simple moving average of $15.84. The stock has a market capitalization of $2.59 billion, a P/E ratio of 7.43 and a beta of 0.53. Golub Capital BDC, Inc. has a 1 year low of $13.95 and a 1 year high of $17.72. 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 (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $171.27 million during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.44 EPS. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s payout ratio is 76.85%.

Analyst Upgrades and Downgrades

GBDC has been the topic of several recent analyst reports. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” 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.