Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Creative Planning

Creative Planning grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 1,156.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,095 shares of the investment management company's stock after acquiring an additional 167,603 shares during the period. Creative Planning owned about 0.11% of Golub Capital BDC worth $2,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Golub Capital BDC in the first quarter worth $878,000. Baillie Gifford & Co. increased its holdings in shares of Golub Capital BDC by 37.5% in the 1st quarter. Baillie Gifford & Co. now owns 307,486 shares of the investment management company's stock valued at $5,113,000 after purchasing an additional 83,787 shares in the last quarter. Abundance Wealth Counselors lifted its stake in shares of Golub Capital BDC by 289.2% in the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company's stock valued at $2,943,000 after purchasing an additional 139,212 shares during the period. TCW Group Inc. lifted its stake in shares of Golub Capital BDC by 63.0% in the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company's stock valued at $6,766,000 after purchasing an additional 166,480 shares during the period. Finally, Naviter Wealth LLC boosted its holdings in Golub Capital BDC by 965.8% during the first quarter. Naviter Wealth LLC now owns 144,604 shares of the investment management company's stock worth $2,405,000 after buying an additional 131,036 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on GBDC. Oppenheimer reiterated an "outperform" rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price 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. Finally, Wells Fargo & Company dropped their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.40.

Insider Activity

In other news, Director Anita J. Rival bought 26,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, with a total value of $374,400.00. Following the purchase, the director now owns 95,000 shares of the company's stock, valued at approximately $1,368,000. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, CEO David Golub bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $14.70 per share, with a total value of $294,000.00. Following the completion of the transaction, the chief executive officer now owns 1,758,880 shares of the company's stock, valued at approximately $25,855,536. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anita J. Rival bought 26,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the acquisition, the director now owns 95,000 shares of the company's stock, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 146,000 shares of company stock valued at $2,159,400 over the last 90 days. Insiders own 2.70% of the company's stock.

Golub Capital BDC Price Performance

GBDC stock traded down $0.27 on Friday, reaching $15.28. The company had a trading volume of 1,565,792 shares, compared to its average volume of 1,342,368. 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 company's fifty day moving average is $15.04 and its 200 day moving average is $15.63. The company has a market cap of $2.62 billion, a P/E ratio of 7.53 and a beta of 0.53. Golub Capital BDC, Inc. has a 1 year low of $14.02 and a 1 year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued 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). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The company had revenue of $171.27 million during the quarter, compared to analysts' expectations of $205.24 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, research analysts forecast that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend yield of 10.21%. Golub Capital BDC's dividend payout ratio (DPR) is presently 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.