Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd reduced its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,200,000 shares of the investment management company's stock after selling 210,000 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.70% of Golub Capital BDC worth $18,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GBDC. Embree Financial Group acquired a new position in Golub Capital BDC during the third quarter worth $171,000. Onyx Bridge Wealth Group LLC boosted its position in shares of Golub Capital BDC by 36.1% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 61,157 shares of the investment management company's stock valued at $924,000 after acquiring an additional 16,213 shares during the last quarter. Naviter Wealth LLC grew its holdings in shares of Golub Capital BDC by 26.5% in the third quarter. Naviter Wealth LLC now owns 220,359 shares of the investment management company's stock valued at $3,330,000 after purchasing an additional 46,145 shares during the period. Amplius Wealth Advisors LLC grew its holdings in shares of Golub Capital BDC by 8.7% in the third quarter. Amplius Wealth Advisors LLC now owns 48,224 shares of the investment management company's stock valued at $729,000 after purchasing an additional 3,841 shares during the period. Finally, Creative Planning raised its stake in Golub Capital BDC by 1,156.5% during the third quarter. Creative Planning now owns 182,095 shares of the investment management company's stock worth $2,751,000 after purchasing an additional 167,603 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on GBDC. Wells Fargo & Company dropped their price target 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. Oppenheimer reiterated an "outperform" rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lowered their price target on Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of "Moderate Buy" and a consensus target price of $16.40.

Golub Capital BDC Trading Up 0.3 %

Shares of GBDC traded up $0.05 during midday trading on Monday, hitting $15.49. 946,628 shares of the stock were exchanged, compared to its average volume of 1,163,357. Golub Capital BDC, Inc. has a 52-week low of $14.02 and a 52-week 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. The stock has a fifty day simple moving average of $14.94 and a 200 day simple moving average of $15.67. The firm has a market cap of $2.66 billion, a P/E ratio of 7.62 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released 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 analyst estimates of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, research analysts anticipate that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 10.07%. Golub Capital BDC's dividend payout ratio (DPR) is presently 76.85%.

Insider Buying and Selling at Golub Capital BDC

In related news, Director Anita J. Rival acquired 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The shares were 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 in the company, valued at approximately $1,368,000. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Anita J. Rival bought 26,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased 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 approximately $1,368,000. This represents a 0.00 % 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. Also, CEO David Golub bought 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the acquisition, the chief executive officer now owns 1,738,880 shares of the company's stock, valued at $25,526,758.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 146,000 shares of company stock valued at $2,159,400 in the last 90 days. Company insiders own 2.70% of the company's stock.

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.