Advisors Asset Management Inc. Acquires 14,214 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Advisors Asset Management Inc. raised its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 164,591 shares of the investment management company’s stock after purchasing an additional 14,214 shares during the quarter. Advisors Asset Management Inc.’s holdings in Golub Capital BDC were worth $2,487,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GBDC. Van ECK Associates Corp increased its holdings in Golub Capital BDC by 13.5% in the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after purchasing an additional 475,196 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Golub Capital BDC by 5.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after buying an additional 137,813 shares during the period. Allen Investment Management LLC increased its stake 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 valued at $35,297,000 after acquiring an additional 145,761 shares during the last quarter. Northeast Financial Consultants Inc raised its position in shares of Golub Capital BDC by 151.8% in 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 during the period. Finally, Arnhold LLC grew its holdings in Golub Capital BDC by 0.8% during the second quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock valued at $20,725,000 after purchasing an additional 11,000 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $15.01 per share, with a total value of $300,200.00. Following the completion of the transaction, the chairman now owns 1,858,880 shares in the company, valued at approximately $27,901,788.80. This trade represents a 1.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 80,000 shares of company stock valued at $1,197,400 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Golub Capital BDC Stock Up 1.0 %

GBDC stock opened at $15.30 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 5.01. The stock has a market capitalization of $2.62 billion, a P/E ratio of 10.85 and a beta of 0.54. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The business has a 50-day moving average of $15.20 and a 200-day moving average of $15.41.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 110.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.