Hennion & Walsh Asset Management Inc. Has $4.99 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 34.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 329,748 shares of the investment management company’s stock after purchasing an additional 84,129 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Golub Capital BDC were worth $4,992,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Optiver Holding B.V. grew its position in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock worth $47,000 after buying an additional 688 shares during the period. Signaturefd LLC grew its position in shares of Golub Capital BDC by 0.7% in the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock valued at $1,618,000 after purchasing an additional 704 shares during the period. Snowden Capital Advisors LLC grew its position in shares of Golub Capital BDC by 0.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company’s stock valued at $2,839,000 after purchasing an additional 814 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 827 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of Golub Capital BDC by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 72,884 shares of the investment management company’s stock valued at $1,140,000 after purchasing an additional 896 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman now directly owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GBDC. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Bank of America decreased their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, May 12th. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.50.

Golub Capital BDC Trading Down 0.8%

NASDAQ:GBDC opened at $15.02 on Wednesday. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.56. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $14.47 and a two-hundred day moving average price of $15.03. The company has a market cap of $4.00 billion, a P/E ratio of 10.88 and a beta of 0.55.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same period last year, the company earned $0.55 EPS. As a group, analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 138.05%.

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.