Apollon Wealth Management LLC Purchases New Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Apollon Wealth Management LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 1st quarter, HoldingsChannel reports. The fund purchased 39,329 shares of the investment management company’s stock, valued at approximately $595,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Golub Capital BDC by 64.2% during the fourth quarter. Bank of New York Mellon Corp now owns 114,670 shares of the investment management company’s stock worth $1,738,000 after purchasing an additional 44,815 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Golub Capital BDC during the fourth quarter worth $787,000. Raymond James Financial Inc. bought a new stake in shares of Golub Capital BDC during the fourth quarter worth $4,470,000. Avantax Advisory Services Inc. bought a new stake in shares of Golub Capital BDC during the fourth quarter worth $179,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Golub Capital BDC by 7.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 116,328 shares of the investment management company’s stock worth $1,764,000 after purchasing an additional 7,727 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the purchase, the chairman owned 6,059,971 shares of the company’s stock, valued at $91,687,361.23. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.44 on Friday. The business’s 50-day simple moving average is $14.92 and its 200 day simple moving average is $14.94. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 13.66 and a beta of 0.51. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.01. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.19.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. During the same quarter in the prior year, the business earned $0.55 EPS. As a group, research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend was Friday, June 13th. Golub Capital BDC’s payout ratio is 138.05%.

Analyst Ratings Changes

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

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.