600,000 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. purchased a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 600,000 shares of the investment management company's stock, valued at approximately $9,426,000. 1832 Asset Management L.P. owned approximately 0.35% of Golub Capital BDC at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners acquired a new position in Golub Capital BDC in the first quarter valued at $12,126,000. Van ECK Associates Corp grew its stake in Golub Capital BDC by 22.3% during the second 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 period. Allen Investment Management LLC increased its holdings in Golub Capital BDC by 29.6% in the first quarter. Allen Investment Management LLC now owns 2,101,032 shares of the investment management company's stock worth $34,940,000 after purchasing an additional 479,339 shares in the last quarter. Confluence Investment Management LLC acquired a new position in Golub Capital BDC in the first quarter valued at approximately $5,509,000. Finally, Southern Farm Bureau Life Insurance bought a new position in shares of Golub Capital BDC during the 2nd quarter worth approximately $4,838,000. 42.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GBDC shares. StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.40.

Insider Buying and Selling

In other Golub Capital BDC news, CEO David Golub purchased 20,000 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $14.68 per share, with a total value of $293,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,738,880 shares in the company, valued at approximately $25,526,758.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO David Golub purchased 20,000 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,738,880 shares in the company, valued at approximately $25,526,758.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anita J. Rival purchased 26,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the acquisition, the director now owns 95,000 shares of the company's stock, valued at approximately $1,368,000. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is owned by insiders.

Golub Capital BDC Stock Performance

GBDC traded down $0.18 during trading on Wednesday, hitting $14.78. 1,567,703 shares of the company traded hands, compared to its average volume of 1,145,910. Golub Capital BDC, Inc. has a one year low of $13.95 and a one year high of $17.72. The stock's fifty day moving average is $14.95 and its 200 day moving average is $15.81. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The firm has a market cap of $2.54 billion, a P/E ratio of 7.37 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. The company had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. During the same period last year, the firm posted $0.44 EPS. As a group, equities analysts predict that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid 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 dividend yield of 10.55%. Golub Capital BDC's payout ratio is 76.85%.

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.