Allen Investment Management LLC Has $35.30 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Allen Investment Management LLC raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,246,793 shares of the investment management company’s stock after buying an additional 145,761 shares during the quarter. Allen Investment Management LLC’s holdings in Golub Capital BDC were worth $35,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GBDC. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after purchasing an additional 640,866 shares during the last quarter. Sound Income Strategies LLC grew its stake in 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 valued at $43,125,000 after buying an additional 83,111 shares during the last quarter. Arnhold LLC raised its holdings in Golub Capital BDC by 0.8% in the 2nd quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock worth $20,725,000 after acquiring an additional 11,000 shares during the period. Hirtle Callaghan & Co LLC raised its holdings in Golub Capital BDC by 1.0% in the 1st quarter. Hirtle Callaghan & Co LLC now owns 867,861 shares of the investment management company’s stock worth $14,433,000 after acquiring an additional 8,222 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Golub Capital BDC by 5.9% during the 4th quarter. Wells Fargo & Company MN now owns 742,235 shares of the investment management company’s stock worth $11,208,000 after acquiring an additional 41,270 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.09 on Friday. The business has a 50 day simple moving average of $15.07 and a 200 day simple moving average of $15.84. Golub Capital BDC, Inc. has a one year low of $13.95 and a one year high of $17.72. The company has a market capitalization of $2.59 billion, a PE ratio of 7.43 and a beta of 0.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01.

Golub Capital BDC (NASDAQ:GBDC) last posted its 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 during 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 period in the previous year, the company posted $0.44 EPS. On average, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

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

Insider Buying and Selling at Golub Capital BDC

In related news, Director Anita J. Rival bought 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Anita J. Rival purchased 26,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Golub acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $14.70 per share, for a total transaction of $294,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,758,880 shares of the company’s stock, valued at $25,855,536. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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